Shopping Strip

Flamingo Crossing

Listing Price: $2,260,000

Cap Rate
7.16%
Gross SF
14,400
Rentable SF
14,400
Price/Gross SF
$156.94
Lot Size
1.68 acres
Year Built
1961

Investment Overview

Marcus and Millichap is pleased to present Flamingo Crossing, a rare ocean-front retail investment opportunity located in Ormond Beach, FL. along the highly trafficked State Road A1A. The subject is highly visible with over 182 feet of frontage along State Road A1A and multiple points of ingress and egress. The property also has an undeveloped corner parcel that will be sold with the shopping center. The outparcel corner is currently entitled and permitted for aforty five hundred square foot retail development (click here for site plan). The property is 100% occupied with Dollar General being the anchor tenant, followed by Frank's Place which recently expanded, and lastly Vape Shop. The center also has a drive up Bank of America Automated Teller Machine on the property which provides additional revenue to the net operating income.

Investment Highlights

  • 100 Percent Occupied 14,800 SF Retail Center and Drive-up ATM
  • Additional 4,500 SF On-Site Retail Development Planned and Permitted
  • Top Performing Dollar General Anchor Just Exercised Five-Year Renewal
  • Rare Oceanfront Retail Offering With Significant Immediate Upside
  • Over 450 Lineal Feet of Direct Frontage on A1A / Oceanshore Boulevard
  • Exceptional Financing Terms Available To Acquire and Develop Property |

Exclusively Listed By

Listing Price: $2,260,000

Cap Rate
7.16%
Gross SF
14,400
Rentable SF
14,400
Price/Gross SF
$156.94
Lot Size
1.68 acres
Year Built
1961

Investment Highlights

  • 100 Percent Occupied 14,800 SF Retail Center and Drive-up ATM
  • Additional 4,500 SF On-Site Retail Development Planned and Permitted
  • Top Performing Dollar General Anchor Just Exercised Five-Year Renewal
  • Rare Oceanfront Retail Offering With Significant Immediate Upside
  • Over 450 Lineal Feet of Direct Frontage on A1A / Oceanshore Boulevard
  • Exceptional Financing Terms Available To Acquire and Develop Property |

Investment Overview

Marcus and Millichap is pleased to present Flamingo Crossing, a rare ocean-front retail investment opportunity located in Ormond Beach, FL. along the highly trafficked State Road A1A. The subject is highly visible with over 182 feet of frontage along State Road A1A and multiple points of ingress and egress. The property also has an undeveloped corner parcel that will be sold with the shopping center. The outparcel corner is currently entitled and permitted for aforty five hundred square foot retail development (click here for site plan). The property is 100% occupied with Dollar General being the anchor tenant, followed by Frank's Place which recently expanded, and lastly Vape Shop. The center also has a drive up Bank of America Automated Teller Machine on the property which provides additional revenue to the net operating income.

Exclusively Listed By

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