Tuscany Shoppes Shopping Center - For Sale

Shopping Center for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 1905640
Property Subtypes: Community Center, Neighborhood Center, Net Leased
Building Size (RSF): 36,024 SF
Gross Building Area: 36,268 SF
Gross Land Area: 3.32 Acres
Sale Price: $10,500,000
Unit Price: $291.47 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Tuscany Shoppes
Sale Terms: Cash to Seller
Cap Rate: 6.14%
Last Updated: 9/15/2017

Overview / Comments

The subject property built in 2005 is a 36,268 square foot, two story Retail and Office Center in the heart of Ormond Beach, Florida. The Tuscany Shoppes offers an investor a rare opportunity to buy a first class center. The Property includes 3.32+/- Acres with 418+/ feet on Granada Boulevard.
The property is within two miles of Publix, Lowes, Super Wal-Mart and Interstate 95. Approximately 185 parking spaces.
All of the tenants are on NNN leases with full pass throughs of property taxes, insurance and CAM expenses on a pro-rata basis.
Tenants include: Elite Eyecare, Subway, Space Coast Credit Union, Great Clips, Peach Valley Cafe, Pet Supermarket, Amaris Day Space, and others.

Located on the north side of Granada Boulevard between I-95 and Clyde Morris Boulevard.

Additional Details

Nearest MSA: Deltona-Daytona Beach-Ormond Beach
County: Volusia
Tax ID/APN: 4219-00-00-0150
Zoning: PBD
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 2005

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,717 44,975 95,633
Median Age: 46.13 47.82 44.7
Households: 1,199 20,093 42,116

Contact

Photograph of Listing Agent

John W. Trost, CCIM

SVN | Alliance Commercial Real Estate Advisors
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