Belle Terre Shoppes
Publix Shadow Anchored | NNN Leases | 100% Occupied
Marketing description
Equity has been selected to exclusively market for sale the fee simple interest in Belle Terre Shoppes, a 10-tenant retail strip center located in the heart of Palm Coast, FL (the “Property”). The Property spans 13,600 square feet on a 1.72-acre parcel, strategically positioned as an outparcel to Publix along Palm Coast Pkwy NW. This offering presents qualified investors with the chance to own a well established, internet-resistant retail center in a prime Palm Coast location.
Belle Terre Shoppes provides investors with steady, predictable cash flow supported by a diverse tenant mix. This balanced tenant roster minimizes concentration risk and ensures stable income across different economic cycles. Additionally, built-in rent escalations and high tenant retention foster long-term growth and potential upside.
Investment highlights
- Shadow Anchored by a High-Traffic Publix Grocery Store. Placer AI data indicates the adjacent Publix is the most visited of six within a fifteen-mile radius, outperforming approximately 90% of Florida locations and 92% nationwide.
- Recent Capital Expenditures Completed. The property features recent capital improvements including a new roof with a 15-year warranty, resealed and restriped parking, and refreshed exterior paint, materially reducing capital expenditure risk.
- Minimal Landlord Responsibility with NNN Lease Structure. All tenants operate under true triple net leases, with no CAM leakage, providing the owner with minimal management responsibilities, full expense reimbursement, and highly predictable cash flow.
- Long Term Tenancy and Demonstrated Occupier Demand. The property has cultivated a highly durable tenant base, with 44% of the property’s GLA maintaining occupancy through repeated lease renewals over the past twenty years. This level of retention reflects the asset’s sustained appeal and strategic positioning, contributing to dependable tenancy and long-term income continuity.
- Embedded Mark-to-Market Upside. Option heavy rent roll delivers contractual income while 2029 rollover unlocks embedded upside
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