Property History
Matthews Real Estate Investment Services™, as exclusive broker, is pleased to issue an initial Call for Offers on Crosswinds Shopping Center, a 141,577± SF community center, anchored by bealls, Marshalls, Michaels and Havertys Furniture - located in St. Petersburg, FL.
Located in St. Petersburg, within the rapidly growing Tampa Bay MSA - Boasting a thriving economy, very low unemployment, some of the nation’s best beaches and renown as a top travel destination
Tenant roster comprised of roughly 88% national anchor credit tenants, bolstering a 93.7% overall national tenant roster - Including Michaels, Marshalls, bealls and Havertys (set to open in June)
Positioned between shadow anchor, Best Buy, and Orlando Health’s brand-new West St. Petersburg center - A 24-hour, state-of-the-art, emergency medical facility
Situated within a major retail hub, adjacent to Simon-owned Tyrone Square, and home to major nearby retailers - Like Publix, Macy’s, Dillard’s, JCPenney, Dick’s, H&M, PetSmart, Best Buy, The Home Depot, T.J.Maxx, Ross, Burlington, and Barnes & Noble
Strategically located with excellent visibility - Just south of the intersection of heavily trafficked Tyrone Blvd N (US-19 ALT/FL-595) and 66th St N (FL-693), accessing a combined 74,000 VPD
Proven anchor stability with 3 of 4 anchors averaging 24+ years of tenure at the Property - And Marshalls reporting over $9 million in sales
Rare, included Taco Bell outparcel and shops offer an accretive, future spin-off scenario - For investors targeting value creation opportunities
Supporting Michaels’ extremely strong customer foot traffic data (Placer.ai), which ranks the store in the top 90% in both Florida and the U.S. - Michaels just elected to renew early through 2034, further fortifying anchor stability
Very dense, growing sub-market highlighted by a population of 246,920 within a 5-mile radius - With an Avg. HH Income which is well fit for the blend of anchor tenants at the Property
Well-maintained and managed asset with newer roofs, parking lot seal and new parking spaces added along with recently painted building facades in 2022- Limiting costly CapEx for an incoming buyer
Loan History
Financial History
Tax History
Contact Information
Ownership Information
Zoning
Property Details
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Comparable Properties
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