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.

Click Here to View Port St John Plaza Virtual Deal Room