5690 Bayshore Road,
This Winn Dixie Grocery Store is sold as a standalone store with potential Outparcel, NN. In April 2018 lease was renewed with mutually beneficial terms to Landlord and Tenant. This Winn Dixie store has had substantial Tenant renovations to add a Liquor Store. The Vehicle count 32,500 per day. Recent Lease extension of 5 Years with 4 additional 5-year options. Newley resurfaced Parking Lot, extensive Roof renovation. 20 Year Historical Occupancy and Recent Lease Extension. Current NOI of $393,507 until 12/28/2023, 6% CAP Rate. On or before December 29, 2023, NOI will increase to $532,984 with a CAP Rate of 8.06 %. Above Average Store with Healthy Rent-to-Sales Ratio. This Location Serves Wine, Beer, and Liquor and Features a Pharmacy.
- MLS® #A10558674
- Year Built1999
- Sub-TypeCommercial Retail
- Parking Spaces300
- ParkingOther Parking
- RoofOther Roof, Various Material(S) Roof
- ConstructionCBS Construction
- Listing Office:Douglas Elliman
- Address5690 Bayshore Road
- SubdivisionWinn Dixie Store
- CountyOther County
- Zip Code33917
- HeatingCentral Electric
- CoolingCentral Building A/C, Exhaust Fans, Reverse Cycle
- # of Stories1
- Date ListedOctober 26th, 2018
- Days on Market265
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