Overview
Jensen Beach, FL - A highly desirable coastal community with strong demographics, growing residential areas, and an established retail market. The property benefits from proximity to major roadways, residential neighborhoods, and high-traffic retail corridors.
La-Z-Boy, a well-known and reputable furniture brand, occupies a significant portion of the space. The La-Z-Boy lease is long-term, ensuring a reliable and consistent revenue stream. La-Z-Boy is a nationally recognized brand, which adds stability and reliability to the center’s income profile.
The property is fully leased with long-term Triple Net (NNN) leases, meaning the tenants are responsible for their proportionate share of property taxes, insurance, and maintenance costs. This lease structure significantly reduces the landlord’s responsibilities, enhancing the property’s investment appeal.
Property Video:
Investment Highlights
• La-Z-Boy completed $750,000 in interior and exterior renovations to this location while extending its long-term lease showing its commitment to this store location.
• Dunkin Donuts originally signed a 10-year primary lease term and has exercised 5-year renewal options on 1/15/2015 and 2/28/2020. Dunkin Donuts just exercised its 3rd 5-year renewal option on 3/1/2025 with 3 x 5-year renewal option periods remaining.
• New seven (7) year lease signed with a Palm View Spine & Wellness, which is a Chiropractic and Wellness Center.
• Due to the NNN lease structure and the long-term commitment from tenants like La-Z-Boy, this retail center offers a stable and predictable income stream, making it an attractive opportunity for investors seeking reliable cash flow.
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