305-345-9567
1450 N Courtenay Pky, Merritt Island, FL for Sale
Retail - FOR SALE
1/29
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1450 N Courtenay Pky
Merritt Island, FL 32953


HIGHLIGHTS

  • Prime location
  • Anchored by national tenants
  • Value-add potential
  • Recent renovations
  • Favorable market dynamics
  • Triple-net leases

OVERVIEW

Avison Young is pleased to exclusively offer for sale the Shoppes of Victoria Square (“the Property”), a 98% leased, ±108,975 SF retail center located along Merritt Island’s primary commercial corridor. The Property recently underwent a major $8M capital improvements program and features a strong mix of national tenants including Burlington, Ulta, and Five Below, each secured under new long-term leases. Situated on ±13.58 acres with signalized access and outstanding visibility to over 30,000 vehicles per day, the Property benefits from excellent access, ample surface parking, and more than 400 feet of frontage along Courtenay Parkway. Nearly all leases are structured as triple-net, offering stable cash flow with minimal landlord obligations. Two undeveloped outparcels offer investors a clear path to near-term value creation, while upcoming lease maturities present opportunities to mark rents to market. With its strong tenant lineup, significant recent capital improvements, and embedded upside, Shoppes of Victoria Square is a high-performing retail asset in a rapidly growing Florida submarket.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shoppes Of Victoria Square

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

381

LAND DETAILS

LAND ACRES

13.58 AC

LAND SF

591,545 SF

ZONING

GML, County

APN/PARCEL ID

24-36-23-BX-00000.0-0007.01

ASK ABOUT THIS PROPERTY

John CrottyAvison YoungMore Info
305-345-9567

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John CrottyAvison YoungMore Info
305-345-9567

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.