SOLD – Bloomingdale Plaza

THE OPPORTUNITY

• Neighborhood and Experiential Retail based asset
• 93% leased
• term remaining on core tenants:
• Urban Air has ten years of term remaining
• Your Pie has term through 2029
• Asset is located in strong submarket of Tampa
• New lease signed in 2022 with Urban Air
• Strong Leasing Momentum: 2 new leases signed over the past 12 months
• Landlord Flexibility: Limited lease options for small shop tenants gives Landlord the ability to drive rents

THE HIGHLIGHTS

• Center redeveloped in 2019
• New LED lighting in 2018
• New roof in 2015, 60 mil TPO
• 20-year roof warranty with 13 years remaining
• Traffic Count: E Bloomingdale Ave are 45,402 ADT
• Tremendous amount of rooftops in the immediate submarket
• Necessity based, internet resistant tenant lineup
• One traffic light serving the shopping center
• 2.9% vacancy rate in the market