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Palm Plaza I

1035 Hasko Rd. | Palmetto, FL 34221

Highlights

  • 9,610-Square-Foot Walmart Supercenter Shadow-Anchored Strip Center

  • 100 Percent Leased – Staggered Lease Expirations with Annual Increases

  • Priced Below Replacement Cost - $130 Per Square Foot

  • Prime Location at the Junction of US-41 (42,000 Vehicles Per Day) and US-301 (37,000

  • Vehicles Per Day)

Description

Marcus & Millichap is pleased to present for sale Palm Plaza I, a 9,610-square-foot retail center directly adjacent to a Walmart Supercenter located in Palmetto, Florida. Offered at just $130 per square foot, the property is in pristine condition with no deferred maintenance, so a new owner can expect a low maintenance investment. The building is currently 100 percent occupied by an attractive mix of ecommerce-proof tenants. Best Dry Cleaners, a major tenant, has occupied the center for more than 10 years. Staggered lease expirations and built-in annual rent increases provide an investor with a fully stabilized investment.

 

Palm Plaza I is ideally located at the highly desirable intersection of Palmetto’s major North-South and East-West thoroughfares, US-41 and US-301. Each highway has average daily traffic counts of 42,000 and 37,000 vehicles per day, respectively. The center’s ingress/egress allows for easy access between US-301, Walmart Supercenter, and the subject property. The property is also conveniently located just five minutes from Interstate 75 and the Ellenton Premium Outlets.

Location

Palmetto is located along the Gulf of Mexico and is part of the North Port-Sarasota-Bradenton MSA. Located approximately 50 miles south of Tampa, the metropolitan area is one of the fastest growing in the country. Palmetto is a popular destination for residents and tourists alike because of its cultural and environmental amenities, beach resorts and world class fishing.

Contact Brokers

James Garner

Senior Investment Advisor
James.Garner@MarcusMillichap.com
(O) 813.387.4796
FL #SL3273659

Jim Shiebler
Senior Investment Advisor
Jim.Shiebler@MarcusMillichap.com
(O) 239.340.7811
FL #SL3347780

James Medefind

First Vice President Investments

James.Medefind@MarcusMillichap.com

(C) 850-228-9400

(O) 813-387-4788

FL #SL3216834

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