REGIONAL SHOPPING CENTER - GROCERY ANCHOR INFLUENCED
|Catylist Listing ID:
Grocery-Anchored, Strip Center
|Building Size (RSF):
|Gross Building Area:
|Property Use Type:
||Net Leased Investment (NNN), Investment
||FLORIDA REGIONAL SHOPPING CENTER
||Cash to Seller
Overview / Comments
The property is an attractively re-developed Walmart with approximately 86,400 sf. New tenants include Big Lots, Bealls Outlet, Firehouse Subs and Vision Fitness Center. The upside is that there is approximately 25,000+ sf still available (100+/- ft. of retail frontage) remaining to be leased. Current negotiations for potential leases are being negotiated between $10.00 to $22 psf within lease spaces from 1,500 to 22,000sf.
In addition to the excellent New Smyrna Beach, Florida location on the main corridor of SR 44 to a popular beach and resort area, one of the most significant factors of this property is that the #1 Grocer in Florida, PUBLIX, is the anchor tenant of the adjoining property which they recently purchased (118,000+/). Please review the aerial for clarity.
*Lender has ROFR which will need to be addressed as a contingency in offer, however, they have notified Owner that they will not be implementing a purchase.
||Deltona-Daytona Beach-Ormond Beach
||General, Family, Business, Traveler, Tourist, Recreation, Convention
||New Smyrna Beach - destination for highest demographic Orlando residents
Located 2.25 miles east of Interstate 95 & SR 44 Interchange
Excellent transportation links with I-4, US 1 and SR 44 thoroughfares
Prime location among growing active retail, restaurants and banking, including
Home Depot, Walmart, ABC Wine and Mullinax Ford and newly built Florida
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