Kohl's NNN Property For Sale — Palm Coast, FL
665 Palm Coast Parkway SW, Palm Coast, FL 32137
This property features an Absolute NNN Ground Lease with Kohl's Corporation, an investment-grade tenant with an S&P rating of BBB+ and Moody's Baa1 (Stable). There are 16.5 years remaining on the original 20-year lease term, with eight 5-year options, each including 10% rental increases. The asset is strategically located on Palm Coast Parkway, the main thoroughfare in Palm Coast, FL, offering excellent access to I-95 and surrounded by a dense concentration of residential communities, municipal facilities, schools, and major national retailers.
- Address: 665 Palm Coast Parkway SW, Palm Coast, FL 32137
- Asking price $14.25M
- 6.00% cap rate
- NOI $855,000
- 16.5 years remaining
- NNN lease
- Year built: 2008
- Building size: 89,089 SF
- Lot size: 6.53 acres
- Rent increases: 10% every 5 years
- Guarantor: Corporate
Location
This Kohl's property is at 665 Palm Coast Parkway SW in Palm Coast, Florida.
Asset type: Shopping Center / Retail