Disston Plaza - Sale
3501 49th Street North, Saint Petersburg, FL, 33710-2149, US
11,998 sm
Asset description
Jones Lang Lasalle Americas, Inc. (“JLL”) is pleased to exclusively offer the opportunity to acquire Shoppes at Golden Acres (the “Offering” or “Property”), a 131,476 square foot Publix-anchored shopping center situated along the heavily trafficked Little Road in New Port Richey, Pasco County, Florida, approximately 25 miles northwest of Downtown Tampa.
The Property is currently 85% leased to a high-quality roster of national retailers led by a strong performing Publix, as well as Michaels (opening Fall 2024), ArchWell Health, Keke’s Breakfast Cafe, Charley’s Cheesesteaks, Little Greek Fresh Grill and Rent-A-Center among others. The property serves a densely populated and growing trade area with a population of +145,000 residents within a 5-mile radius that is projected to grow by an additional 10% over the next five years.
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Attributes
Building area net
12,215 sm
Occupancy
85%
Year built
1981
Year renovated
2024
Land area net
10.05 ha
Parking spaces
656
WAULT
8 years
Media
Investment highlights
- TAMPA MSA VALUE-ADD PUBLIX-ANCHORED INVESTMENT OPPORTUNITY
- SECURE REVENUE STREAM FROM HIGH QUALITY TENANCY WITH OUTSTANDING RECENT LEASING MOMENTUM
- MULTIPLE VALUE ENHANCEMENT LEVERS WITH CLEAR PATH TO 58% 5-YEAR NOI GROWTH
- ATTRACTIVE ACQUISITION BASIS WITH SIGNIFICANT RECENT CAPITAL IMPROVEMENTS
- STRATEGIC, HIGH-TRAFFIC LOCATION WITH WELL-ESTABLISHED, DENSELY POPULATED AND GROWING CUSTOMER BASE
- STRONG TAMPA MSA RETAIL SUBMARKET WITH PROVEN HISTORICAL PERFORMANCE
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Shoppes at Golden Acres (0 Properties)
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Last updated
Aug 6, 2024
