Case Study

Investment Properties Group sells Dunedin Retail Shops in Dunedin, Fla.

SRS' Investment Properties Group executed a high-exposure marketing strategy after taking over the listing, which had been on the market for a year and had recently fallen out of a 45 day contract. Upon being brought in to market the property, SRS went to work, touching each and every active retail buyer, and generating six quality offers in the first four weeks before selecting the eventual purchaser.

Deal Strengths

  • New strip center with excellent nationa tenant line-up highlighted by Starbucks
  • Solid Tampa sub-market with a good demographic profile
  • Excellent retail fundamentals include a signalized corner, abundant access and high visibility

Deal Challenges

  • Proprty has previously been on the market for a year with another broker
  • Less than four years remaining on leases
  • Starbucks has an Early Termination Option

Overview

ASSET SOLD

Retail Strip Center

YEAR BUILT

2016

SALES PRICE

$3,725,000

REGIONAL/NATIONAL TENANTS
  • Starbucks
  • Verizon Wireless
  • Jersey Mike's
  • Sun Country Cleaners
OCCUPANCY

100%

LAND AREA

1.19 +/- AC

 

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