NSB Regional Shopping Center Sale Retail FOR SALE


New Smyrna Beach, FL
$15,000,000 USD
407-863-2966
, New Smyrna Beach, FL for Sale
$15,000,000 USD
Retail - FOR SALE
1/10
null | 7.11% Cap Rate

NSB Regional Shopping Center Sale
New Smyrna Beach, FL


HIGHLIGHTS

  • Fully Leased & Stable Anchors - 100% occupancy with Beall’s, Ollie’s, Firehouse Subs, and other long-term tenants ensuring stable income.
  • Value-Add Upside + Starbucks Optionality - New leases from Hand & Stone and Cookies (2026) lift NOI to $1.067 million
  • Starbucks outparcel can be sold separately to capture the 7.11% vs. 5.25% cap rate spread.
  • Publix-Anchored Strength - Part of a 213,000+ SF Publix-anchored center, with Publix ranked in the top 82% nationwide, driving consistent traffic.
  • Starbucks Growth Driver - Newly built (2024) Starbucks with a 10-year lease, 6 renewal options, and 10% rent increases every 5 years.
  • Passive NNN Investment - Majority NNN leases shift expenses to tenants, offering low-management ownership in a no state income tax jurisdiction.

OVERVIEW

Atrium Commercial Real Estate is pleased to present the exclusive opportunity to acquire a 100% leased retail asset in one of Florida’s most vibrant coastal markets—New Smyrna Beach. Located along the high-traffic State Road 44 corridor, the New Smyrna Beach Regional Shopping Center represents a stabilized investment with immediate upside through value-add tenancy and pro forma yield enhancement. While the property currently generates in-place net operating income (NOI) of $925,784 reflecting a 6.6% blended cap rate, there is significant embedded upside through recent and pending lease activations: Hand & Stone Massage and Cookies (medicinal dispensary), two value-add tenants, are soon to be signed and slated to contribute rent beginning in early 2026. Once fully stabilized, incorporating these rent streams and full reimbursements, the asset is projected to generate a proforma NOI of $1,066,664 that supports a 7.11% cap rate, at a $15 Million Sale Price positioning this shopping center well above average yields for similarly anchored Florida Retail Properties.

ASK ABOUT THIS PROPERTY

JP Beaulieu, CCIM, CLSAtrium Commercial Real EstateMore Info
407-863-2966

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JP Beaulieu, CCIM, CLSAtrium Commercial Real EstateMore Info
407-863-2966

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