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Shopping Strip

4671-4699 Park Blvd

4671 Park Blvd N, Pinellas Park, FL 33781

Listing Price: $4,881,000

Cap Rate
5.75%
Gross SF
11,026
Rentable SF
11,026
Price/Gross SF
$442.68
Lot Size
1.63 acres
Year Built
2015

Investment Overview

Moes Publix Shadow Center is a 11,206 square foot strip center on a 1.63 acre
parcel, located at 4671 Park Boulevard North, in Pinellas Park (Tampa). The Center
is anchored by a tremendous lineup of strong, multi-unit, local franchisees, and
benefits from being adjacent to, and shadow anchored by, Publix. Essentially a
Publix outparcel, the Center has left-in-left-out access, prominent visibility on Park
Blvd, which sees over 56,000 cars daily, and best-in-class curb appeal.

Portfolio Opportunity: 4 properties on Park Blvd and one on Ulmerton
all new construction, long-term leases, and same seller:
4049 Park Blvd N: Spectrum (5yr) / Jollibee (10yr) / Red Ribbon Bakery
(10yr)
4590 Park Blvd N: Huey Magoos (10yr) / Paris Bakery (10yr)
4596 Park Blvd N: Auto Zone (20yr ground lease)
4671 Park Blvd N: IHOP Publix Shadow Center
9050 Ulmerton Rd: AFC Urgent Care (10yr) / Willie Jewells (10yr)
In summary; great real estate, solid tenants, incredibly dense demos, and
the ease of management and stability of a net leased offering, but with a
higher return and without the single tenant risk. The portfolio opportunity
adds economies of scale and efficiencies.

Investment Highlights

  • Publix Shadow Anchored, Outparcel
  • All Tenants are Strong, Multi-Unit Operators
  • Easy Access, Tremendous Traffic and Visibility
  • Outstanding Demos Most Dense County in Florida
  • Upside Rents Far Below Market. Separate out the IHOP Parcel.
  • Portfolio Opportunity - 4 Properties on Park Blvd, One a Few Blocks Away on Ulmerton

Exclusively Listed By

Listing Price: $4,881,000

Cap Rate
5.75%
Gross SF
11,026
Rentable SF
11,026
Price/Gross SF
$442.68
Lot Size
1.63 acres
Year Built
2015

Investment Highlights

  • Publix Shadow Anchored, Outparcel
  • All Tenants are Strong, Multi-Unit Operators
  • Easy Access, Tremendous Traffic and Visibility
  • Outstanding Demos Most Dense County in Florida
  • Upside Rents Far Below Market. Separate out the IHOP Parcel.
  • Portfolio Opportunity - 4 Properties on Park Blvd, One a Few Blocks Away on Ulmerton

Investment Overview

Moes Publix Shadow Center is a 11,206 square foot strip center on a 1.63 acre
parcel, located at 4671 Park Boulevard North, in Pinellas Park (Tampa). The Center
is anchored by a tremendous lineup of strong, multi-unit, local franchisees, and
benefits from being adjacent to, and shadow anchored by, Publix. Essentially a
Publix outparcel, the Center has left-in-left-out access, prominent visibility on Park
Blvd, which sees over 56,000 cars daily, and best-in-class curb appeal.

Portfolio Opportunity: 4 properties on Park Blvd and one on Ulmerton
all new construction, long-term leases, and same seller:
4049 Park Blvd N: Spectrum (5yr) / Jollibee (10yr) / Red Ribbon Bakery
(10yr)
4590 Park Blvd N: Huey Magoos (10yr) / Paris Bakery (10yr)
4596 Park Blvd N: Auto Zone (20yr ground lease)
4671 Park Blvd N: IHOP Publix Shadow Center
9050 Ulmerton Rd: AFC Urgent Care (10yr) / Willie Jewells (10yr)
In summary; great real estate, solid tenants, incredibly dense demos, and
the ease of management and stability of a net leased offering, but with a
higher return and without the single tenant risk. The portfolio opportunity
adds economies of scale and efficiencies.

Exclusively Listed By

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