Listed by Franklin Street Tampa
Unpriced
Waterview Retail Center
Details
Property Type Retail, Special Purpose
Sub Type Shopping Center
Square Footage 14,927
Cap Rate 5.49%
NOI $476,163
Occupancy 100%
Tenancy Multi
Lease Type NNN
Pro-Forma NOI $476,163
Class A
Year Built 2021
Ground Lease No
Prime Mixed‑Use Retail Opportunity in St. Petersburg’s Echelon City Center
Marketing description
Franklin Street is pleased to offer for sale WaterView Retail Center, a brand-new unanchored shopping center located in St. Petersburg, Pinellas County, Florida. The Property totals 14,518 sf and is 100% leased to five tenants: Publix Liquors, Brothers Thomas Bespoke Café, Feathersound Smiles, Modern Medical and Back Bar. The center serves an affluent, growing trade area within Greater Tampa Bay, and is located adjacent to a freestanding Publix and proximate to all the new residential growth. Waterview Retail Center is the first floor of a 15-story mixed-use building controlled by a recorded declaration.
Investment highlights
- Densely-populated, affluent trade area
- Shadow-anchored by Publix, Florida’s dominant grocer (48% market share)
- Located within the heart of Carillon Park, walkable to 3.5 MSF of Class A office space
- Outstanding regional access via Ulmerton Road, Roosevelt Blvd and I-275
- Strong demographic profile (3-Mile Radius): 36,479+ residents, 52,348 employees, average HH incomes in excess of $97,334, and retail sales in excess of 6.4B dollars
- Nearby BayCare, Raymond James, Hilton Hotel, Jabil, McKinsey & Company and Accenture generate significant consumer traffic
- Top quality, new construction. Built in 2021
- Ground floor of a luxury apartment building tower; WaterView (226 units)
Listing Contacts
Listed by Franklin Street Tampa
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Annual Cash Flow
$476,163.00
$39,680.25/mo
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Zoning
RC-2 CommercialRetail CommercialRetail Center
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