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.