DEALS

Deals

Port St John Plaza – Port St John, FL

DOMINANT CENTER

  • Port St John is one of the Melbourne area’s leading grocery anchored centers with Winn Dixie boasting consistent sales of over $388 psf.
  • Backed by parent company Southeastern Grocers, the State of Florida’s second largest grocer.
  • Recent renewal by Planet Fitness shows strength of the center and commitment from key tenants.
  • Geographic barriers to entry are high.

VALUE ADD OPPORTUNITY

  • Opportunity to work out a long term renewal with Winn Dixie who has already stated their intentions to renovate this store in 2020.
  • With over 10,000 sf of vacancy, this center offers a significant opportunity to immediately grow the NOI through lease-up.
  • Rental rates well below those of neighboring Indiavista Shopping Center (Publix).

LOCATION

  • The Property benefits from three total access points including one full access lighted access point along US Highway 1.
  • Traffic counts in access of 30,000 cars per day.
  • The center is geographically insulated from incoming competition with the Indian River to the East and residential density to the West.