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31083742
31083743

1441 S Tamiami Trl, Port Charlotte, FL 33948

Franklin Street Atlanta
JT
GA FL 124147
Franklin Street Atlanta
Listed by Franklin Street Atlanta
$8,475,000
80 days on market
Updated 3 days ago

Bealls NNN - Part of Future Mixed Use Development

Details
Property Type Retail
Sub Type Storefront
Square Footage 91,489
Cap Rate 7.71%
NOI $653,227
Occupancy 100%
Tenancy Single
Brand/Tenant Bealls
Lease Type NN+
Lease Term 30.4
Lease Expiration 05/30/2032
Remaining Term 6
Price per SqFt $93
Year Built 1988
Year Renovated 2023
Acreage 7.100
Lease Commencement 01/12/2002

24 Yr History | New Roof | Major Retail Corridor

Investment highlights

  • Southwest Florida single-tenant Bealls located within Port Charlotte Town Center

  • Most recent lease extension for 10 years showing strong tenant commitment to the site: 6 Years remaining with bumps in each option period

  • Port Charlotte Town Center redevelopment: The existing indoor mall is being reimagined as an open-air mixed-use destination, blending retail, entertainment, dining, and residential uses along with pedestrian promenades and public spaces.

  • Port Charlotte Town Center brings 1.9M annual visits to the property: JCPenney, Dillard's, Regal, DSW, among others

  • Pulls from a large trade area of over 30 miles

  • Surrounded by national retailers such as: Publix, Sam's Club, Target, Lowe's, Marshalls, Bed Bath & Beyond, Dillard's, and the newly built Port Charlotte Marketplace with Burlington, Total Wine, Ross & Home Goods

  • Recent property upgrades: new $1M+ roof, interior and exterior store renovations

  • Located at the intersection of Port Charlotte's two major roads: Tamiami Trl (48,500 VPD) and El Jobean Rd (28,500 VPD)

  • Florida has no state income tax, making it an attractive place to live, invest, and retire

Listing Contacts

Franklin Street Atlanta
JT
GA FL 124147
Franklin Street Atlanta
Listed by Franklin Street Atlanta

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$653,227.00
$54,435.58/mo

Valuation Metrics

0
DSCR
7.71%
Cap Rate
7.71%
ROI

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