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2400 S Ridgewood Avenue - Sunshine Park - Sunshine Park Mall (2), South Daytona, FL

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2400 S Ridgewood Avenue - Sunshine Park - Sunshine Park Mall (2)

South Daytona, FL 32119-3097 - South Daytona Beach Submarket


Property Type:Retail Sub Type:- Status:Existing , Renov 2002 Year Built:1970
Building Size:282,834 SF Land Area:26.56 AC (1,156,832 SF)
% Leased:
For Sale Price:For Sale Price/SF:-
Cap Rate:-
Smallest Space:1,400 SF Largest Space:8,200 SF Total Space Avail:21,401 SF Rent/SF/Yr:
$2.96 - $9.00
Parking:2600 Surface spaces are available; Ratio of 9.39/1,000 SF
Features:Pylon Sign, Signalized Intersection, Adaptive Reuse, Center Temp Tenant, Center Mixed Use, Center Enclosed


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
8,200 SF
$6.61/SF/Yr
Vacant
1 yr
Retail
 1st
3,100 SF
$8.00/SF/Yr
Vacant
1 yr
Retail
 1st
1,400 SF
$9.00/SF/Yr
Vacant
Negotiable
Retail
 1st
2,800 SF
$9.00/SF/Yr
Vacant
1 yr
Retail
 1st
1,851 SF
$9.00/SF/Yr
Vacant
1 yr
Retail
 1st
4,050 SF
$2.96/SF/Yr
Vacant
1 yr
Retail
 
12009791
8597808
11309514
8598538
10270255
4130826
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
8,200 SF
$6.61/SF/Yr
Vacant
1 yr
Retail
1st
3,100 SF
$8.00/SF/Yr
Vacant
1 yr
Retail
1st
1,400 SF
$9.00/SF/Yr
Vacant
Negotiable
Retail
1st
2,800 SF
$9.00/SF/Yr
Vacant
1 yr
Retail
1st
1,851 SF
$9.00/SF/Yr
Vacant
1 yr
Retail
1st
4,050 SF
$2.96/SF/Yr
Vacant
1 yr
Retail

Sale Notes:
SRS Real Estate Partners, as exclusive broker, is pleased to offer Sunshine Park - a 240,771 +/- SF retail investment opportunity anchored by Publix and Bealls Outlet - located in South Daytona, Florida. Publix, the market-leading pure grocer in Florida and arguably the Southeast, reports excellent sales at the Property, having trended up 2.6% YOY from 2015 to 2016.Having recently executed a new 10-year lease with the Department of Motor Vehicles, Sunshine Park just added a new, regional tenant, occupying 8,057+/- SF and establishing significant leasing momentum at the Property. The Asset provides investors with a valuable opportunity to grow the existing NOI through the lease-up of 21,270+/- SF of available space.

Publix, the market-leading pure grocer in Florida and arguably the Southeast, reports excellent sales at the Property, having trended up 2.6% YOY from 2015 to 2016.Having recently executed a new 10-year lease with the Department of Motor Vehicles, Sunshine Park just added a new, regional tenant, occupying 8,057+/- SF and establishing significant leasing momentum at the Property. The Asset provides investors with a valuable opportunity to grow the existing NOI .

Strategically positioned in Daytona Beach - a steadily-growing part of Central Florida - the Center is situated facing S Ridgewood Avenue (US-1/FL-5), which serves as a major traffic thoroughfare running along the east coast of the state. Accessing a traffic count of approximately 28,500 VPD, the Property benefits from solid visibility, nine (9) points of ingress/egress from four (4) different roads, and good signage from US-1/FL-5.

Sunshine Park is the largest shopping center in the area along the US-1 corridor, enabling it to serve as the retail center of gravity for the area while satisfying a plethora of consumers needs. Anchored by Publix, the only grocer in a three mile radius, it provides a necessity-based shopping component, along with an enclosed mall element which is home to a variety of retailers and service providers. Additionally, the Daytona Ice Arena serves as a major entertainment draw and only ice rink within 50+ miles.


SRS Real Estate Partners
Kevin Yaryan
(407) 455-5030

  
SRS Real Estate Partners
Pierce Mayson
(404) 231-4696

Kyle M Stonis
(678) 420-1393


All Aboard Properties
Mike Polito
(386) 236-1966



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