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Shopping Strip

Redington Beach Shoppes

16741 Gulf Blvd, North Redington Beach, FL 33708

Listing Price: $1,600,000

Cap Rate
3.61%
Gross SF
4,550
Rentable SF
4,550
Price/Gross SF
$351.65
Lot Size
0.27 acres
Year Built
1940

Investment Overview

Marcus & Millichap is pleased to present this extremely rare opportunity located directly on Gulf Blvd in the beautiful Redington Beach market. With the value add components paired with the irreplaceable real estate, this property is perfectly poised for an opportunistic investor.

Investment Highlights

  • Superior Location - Redington Beach Shoppes is located directly in the heart of beautiful Redington Beach and benefits from the thousands of people who migrate South every year.
  • Outstanding Location Drivers - Located directly across the street from the famous Tides Beach Club which is home to 215 class A condominium units.
  • Excellent Demographics - The Shoppes benefit from an average household income of more than $95,000 per year within a 1-mile radius and more than 140,000 residents within a 5-mile radius.
  • Below Market Rents - Rental rates for similar spaces in the immediate submarket range between $20 and $30 per square foot NNN. The average rental rate for Redington Beach Shoppes is about $15 gross.

Exclusively Listed By

Financing By

Listing Price: $1,600,000

Cap Rate
3.61%
Gross SF
4,550
Rentable SF
4,550
Price/Gross SF
$351.65
Lot Size
0.27 acres
Year Built
1940

Investment Highlights

  • Superior Location - Redington Beach Shoppes is located directly in the heart of beautiful Redington Beach and benefits from the thousands of people who migrate South every year.
  • Outstanding Location Drivers - Located directly across the street from the famous Tides Beach Club which is home to 215 class A condominium units.
  • Excellent Demographics - The Shoppes benefit from an average household income of more than $95,000 per year within a 1-mile radius and more than 140,000 residents within a 5-mile radius.
  • Below Market Rents - Rental rates for similar spaces in the immediate submarket range between $20 and $30 per square foot NNN. The average rental rate for Redington Beach Shoppes is about $15 gross.

Investment Overview

Marcus & Millichap is pleased to present this extremely rare opportunity located directly on Gulf Blvd in the beautiful Redington Beach market. With the value add components paired with the irreplaceable real estate, this property is perfectly poised for an opportunistic investor.

Exclusively Listed By

Financing By

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