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: 5/14/2019

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, Lowe's Home Improvements, Walmart Supercenter, and Interstate 95. Approximately 185 parking spaces.
All leases are NNN 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, Beautiful Hair Color Studio, Limoncello North, 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

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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


Photograph of Listing Agent

John W. Trost, CCIM

SVN | Alliance Commercial Real Estate Advisors
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