1229 MISSOURI AVE N Largo FL 33770

RIPCO Real Estate is pleased to offer for sale Shops at Midway, a ±119,694 SF Power Center 100% occupied by six tenants. 48.87% of the Gross Leasable Area of the center has investment grade credit ratings: Ross Stores Inc. (A2, BBB+), Dollar Tree (Baa3, BBB-), and TJ Maxx (A2, A). The weighted average lease term remaining (WALT) at the center is 4.61 years. All of the tenants have at least one 5-year option remaining and have increases during each option period.

The Shops at Midway are located at the southwest corner of the signalized intersection of N Missouri Avenue (30,000 AADT) and Jasper Street. There are two points of ingress/egress along Missouri Avenue and one point on Jasper Street, giving the property excellent access and exposure. Missouri Avenue is part of US Highway 19 – Alternate, one of the primary north to south thoroughfares in Pinellas County running from Saint Petersburg, FL to Holiday, FL. Other nearby retailers along N Missouri Avenue include Badcock Home Furniture, Old Time Pottery, Walmart Supercenter, ALDI, Rent-A-Center, Goodwill, and Office Depot.

This asset provides investors with an opportunity to acquire a fully stabilized cash flowing opportunity with strong national tenants and the ability to increase cash flow through option periods.