Bealls NNN - Part of Future Mixed Use Development
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
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