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1998 State Road 44 - New Smyrna Beach Regional - Publix, New Smyrna Beach, FL

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DetailMap
1998 State Road 44 - New Smyrna Beach Regional - Publix

New Smyrna Beach, FL 32168-8349 - South Beach Cities Submarket

(1.4 MB)

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1987
Building Size:86,000 SF Land Area:10.15 AC (442,134 SF)
% Leased:
For Sale Price:$6,975,000 Price/SF:$81.10
Cap Rate:6.00 %
Smallest Space:1,150 SF Largest Space:20,000 SF Total Space Avail:21,150 SF Rent/SF/Yr:
$10.50
Parking:Free Surface spaces are available; Ratio of 4.31/1,000 SF Anchor Tenants:Bealls Outlet
Features:Dedicated Turn Lane, Pylon Sign, Signage, Signalized Intersection


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
20,000 SF
$10.50/SF/Yr
Vacant
Negotiable
Retail
 1st
1,150 SF
$10.50/SF/Yr
Vacant
Negotiable
Retail
 
11131271
11131272
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
20,000 SF
$10.50/SF/Yr
Vacant
Negotiable
Retail
1st
1,150 SF
$10.50/SF/Yr
Vacant
Negotiable
Retail

Sale Notes:
The property is an attractively re-developed Walmart with approximately 86,400 sf. New tenants include Big Lots, Bealls Outlet, T-Mobile, Firehouse Subs and Vision Fitness Center. The upside is that there is approximately 22,000+ 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.
New Smyrna Beach - destination for highest demographic Orlando residentsLocated 2.25 miles east of Interstate 95 & SR 44 InterchangeExcellent transportation links with I-4, US 1 and SR 44 thoroughfaresPrime location among growing active retail, restaurants and banking, includingHome Depot, Walmart, ABC Wine and Mullinax Ford and newly built FloridaHospital facility.

Sperry Van Ness Florida
Nancy Grooms

  
SVN Alliance Commercial Real Estate Advisors
Barbara Coomber
(386) 310-7900


SVN Alliance Commercial Real Estate Advisors
Barbara Coomber
(386) 310-7900



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