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1649 - 1717 Main Street - Weathersfield Commons - Weathersfield Commons, Dunedin, FL

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DetailMap
1649 - 1717 Main Street - Weathersfield Commons - Weathersfield Commons

Dunedin, FL 34698-4775 - North Pinellas Submarket

(667.0 KB)

Property Type:Retail Sub Type:- Status:Existing , Renov 2001 Year Built:1989
Building Size:68,155 SF Land Area:2.95 AC (128,323 SF)
% Leased:
For Sale Price:For Sale Price/SF:-
Cap Rate:-
Smallest Space:1,000 SF Largest Space:10,000 SF Total Space Avail:16,100 SF Rent/SF/Yr:
$17.00
Parking:203 Surface spaces are available; Ratio of 2.98/1,000 SF
Features:Signalized Intersection


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
10,000 SF
$17.00/SF/Yr
30 Days
Negotiable
Retail
 1st
2,000 SF
$17.00/SF/Yr
30 Days
Negotiable
Retail
 1st
1,300 SF
$17.00/SF/Yr
Vacant
Negotiable
Retail
 1st
1,000 SF
$17.00/SF/Yr
Vacant
Negotiable
Retail
 1st
1,800 SF
$17.00/SF/Yr
Vacant
Negotiable
Retail
 
10287216
10287203
8283138
8283139
11336370
Marketing Flyer Marketing Flyer  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
10,000 SF
$17.00/SF/Yr
30 Days
Negotiable
Retail
1st
2,000 SF
$17.00/SF/Yr
30 Days
Negotiable
Retail
1st
1,300 SF
$17.00/SF/Yr
Vacant
Negotiable
Retail
1st
1,000 SF
$17.00/SF/Yr
Vacant
Negotiable
Retail
1st
1,800 SF
$17.00/SF/Yr
Vacant
Negotiable
Retail
An addition is being added to the complex adding 3800 square feet of new space. Recently completed renovation, including new facade. Weathersfield Commons is a 68,155 square foot neighborhood center anchored by a new 46,055 sf Sweetbay Supermarket (Kash N' Karry is a subsidiary of Delhaize America Inc., (S&P BB+), which is owned by Delhaize Group, operator of 2,600 grocery stores globally). The property is located on 7.154 acres and is being completely renovated with new roofs, parking lot, facade, paint and landscaping. There is a new 20 year lease signed by Kash n' Karry (dba Sweetbay), which is renovating and expanding the existing Kash N' Karry store. Sales in the first 13 Kash N' Karry stores converted to Sweetbay in South West Florida rose 40% in their first 6 months. This Sweetbay should also benefit from the 12 Winn Dixie stores closing in the Tampa Bay area. The property is located in a fully developed, dense market on the highly trafficked State Route 580 (Main Street) which has an average daily traffic count of 91,000 VPD (East) and 88,000 VPD (West). Weathersfield Commons is located in an established, residential and commercial neighborhood where the residential housing represents the upper end of the market. Other tenants included in the sale are American Running Co., New York Nails, Hair Care International, Pet Safari and the Department of Veteran Affairs among others. Two out parcels (not included) are occupied by McDonald's and Blockbuster Video. The shopping center is located on the SEC of Main Street (SR 580) and Virginia Street, in Dunedin, Pinellas County, Florida. There is access via north/south and east/west thoroughfares including U.S. Highway 19 to the east. Weathersfield Commons was built in 1989 and represents the newest neighborhood retail center in the immediate area. Population within a 5 mile radius is 227,000 with an average household income of $57,400.

Sale Notes:
The Shopping Center Group, as exclusive agent on behalf of the Owner, is proud to offer for sale a 100% interest in Weathersfield Commons (the Property ), a shopping center located at the intersection of Main Street and Virginia Street in Dunedin, Pinellas County, Florida. Weathersfield Commons totals 68,155 square feet and will be anchored by a new 34,000 square foot LA Fitness health club on a 15 year lease, which is partially backfilling a grocery store box previously occupied by Sweetbay and leaving an approximate 12,000 square foot space for future lease up. LA Fitness will be completely renovating their space with a new roof system and their lease will commence in January 2018. Weathersfield Commons was constructed in 1989 and is currently 38.3% occupied. The Property will be 60.2% leased when the new LA Fitness opens. The Property is being offered free of existing financing.
Weathersfield Commons is situated in central Pinellas County, which is one of the most densely populated areas of Florida. The Property is located 1.3 miles west of U.S. Highway 19 North and the Westfield Countryside Mall and 2 miles east of the Dunedin Channel. The offering presents a realizable opportunity to grow net operating income in the immediate future through the lease up of vacant space and surge in market rents from the new LA Fitness health club.

The Shopping Center Group, LLC
Anthony Blanco
(305) 262-8877


Ciminelli Real Estate Services of Florida LLC
Greg McNutt
(813) 908-1727



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