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Shopping Strip

Callahan Village

450061 State Rd 200, Callahan, FL 32011

Listing Price: $2,788,000

Cap Rate
6.84%
Gross SF
17,400
Rentable SF
17,400
Price/Gross SF
$160.23
Lot Size
2.19 acres
Year Built
2005

Investment Overview

Marcus & Millichap is pleased to present the multi-retail center located at 450061 State Road 200 Callahan, FL 32011. Located at the hard corner of State Road 200, AADT of 14,700, and Page St, this +/- 17,400 shopping center is situated upon 2.19 acres and was built in 2005. Identified as a class B center, this building hosts an array of national, regional, and local tenants throughout the center in storefront retail and office space, allotting efficiency and effectiveness in traffic flow throughout the property. With 310 FT of frontage on State Road 200, this property has excellent visibility and curb appeal as it is in the immediate proximity of main & main streets in Callahan, FL. This property has 3 points of ingress/egress from State Road 200 and Page Street and boasts a parking ratio of 6/1,000 SF. Located in a historically exurban community that is ever-expanding, this center is one of the few in this community and services the residents of Callahan. Over the coming decade (2020-2030), the Bureau of Economic Business & Research predicts that Nassau County will be the sixth fastest-growing county in the State of Florida (by %) with a projected population expansion of 36% resulting in over 121,600 people calling Nassau County home by 2030. The accelerated growth and development directly east of this location, most notably the Wildlight master-planned community, located 12 miles east of this property, will offer 24,000 homes upon buildout and contribute to the expansion of this town and the surrounding communities.

Investment Highlights

  • Excellent Visibility and Curb Appeal Fronting State Road 200, 310'
  • Located on the Hard Corner of State Road 200, AADT 14,700, and Page St
  • Significantly Below Market Rent
  • Array Of Tenants Offering Efficiency and Effectiveness in Traffic Flow
  • Consistent NNN Language in Leases
  • Fully Stabilized Asset

Exclusively Listed By

Financing By

Shopping Strip

Callahan Village

Listing Price: $2,788,000

Cap Rate
6.84%
Gross SF
17,400
Rentable SF
17,400
Price/Gross SF
$160.23
Lot Size
2.19 acres
Year Built
2005

Investment Highlights

  • Excellent Visibility and Curb Appeal Fronting State Road 200, 310'
  • Located on the Hard Corner of State Road 200, AADT 14,700, and Page St
  • Significantly Below Market Rent
  • Array Of Tenants Offering Efficiency and Effectiveness in Traffic Flow
  • Consistent NNN Language in Leases
  • Fully Stabilized Asset

Investment Overview

Marcus & Millichap is pleased to present the multi-retail center located at 450061 State Road 200 Callahan, FL 32011. Located at the hard corner of State Road 200, AADT of 14,700, and Page St, this +/- 17,400 shopping center is situated upon 2.19 acres and was built in 2005. Identified as a class B center, this building hosts an array of national, regional, and local tenants throughout the center in storefront retail and office space, allotting efficiency and effectiveness in traffic flow throughout the property. With 310 FT of frontage on State Road 200, this property has excellent visibility and curb appeal as it is in the immediate proximity of main & main streets in Callahan, FL. This property has 3 points of ingress/egress from State Road 200 and Page Street and boasts a parking ratio of 6/1,000 SF. Located in a historically exurban community that is ever-expanding, this center is one of the few in this community and services the residents of Callahan. Over the coming decade (2020-2030), the Bureau of Economic Business & Research predicts that Nassau County will be the sixth fastest-growing county in the State of Florida (by %) with a projected population expansion of 36% resulting in over 121,600 people calling Nassau County home by 2030. The accelerated growth and development directly east of this location, most notably the Wildlight master-planned community, located 12 miles east of this property, will offer 24,000 homes upon buildout and contribute to the expansion of this town and the surrounding communities.

Exclusively Listed By

Financing By

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