NS Shopping enter - LoopNet · 2020. 6. 5. · between Dixie Freeway and S Riverside Drive providing neighborhood customer demand for convenient retail services at this retail center

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Boss Commercial Real Estate 2211 Saxon Dr New Smyrna Beach, FL, 32169 407-733-8159 www.BossCRE.com

Scott Garrett Broker, 407-733-8159 Mobile 1-321-549-6269 Fax [email protected]

NSB Shopping Center

Retail Shopping Center

51,214 SF +/- Multi-Tenant

5.36 ac +/-

1720 S Dixie Freeway

New Smyrna Beach, FL, 32168

FOR SALE Multi-tenant Shopping Center, 51,214 SF +/- on 5.36 ac +/- Land

TABLE OF CONTENTS


Scott Garrett

Broker 407-733-8159 Mobile 1-321-549-6269 Fax [email protected]

TABLE OF CONTENTS

OVERVIEW

PHOTO REVIEW

TENANT PROFILES

AERIAL RETAIL OVERVIEW

STREET MAP RETAIL OVERVIEW

PROPERTY & OFFERING SUMMARY

COMMUNITY OVERVIEW

RE BROKERAGE SUMMARY

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4

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OVERVIEW

AVAILABLE, FOR SALE:

Fully Occupied Center, 4 Tenant occupants, plus cell

tower along busy US Highway 1/Dixie Freeway.

USES:

B-3 Zoning, with a Future Land Use of Comm, located

within the municipality of New Smyrna Beach, FL

PURCHASE PRICE:

$3,117,357 based upon an 8% CAP Rate of Return

TENANTS:

Sav a Lot, Halifax Hospice Thrift Center, American Mar-

tial Arts Academy, and NSB Marine World

LOCATION:

Well situated along busy US Highway 1/S Dixie Freeway

New Smyrna Beach, FL, 1/2 mile south of Canal St, 1/3

mile south of SR 44 and Adventist Health Hospital, plus

4/10 mile north of New Smyrna’s 12-plex Theater.

SUMMARY:

100% occupied with nearly half of the rents generated

by 2 tenants with lease expirations in 2029. Occupants

with shorter lease terms present with upside possibili-

ties through rental rate increases. New Smyrna Beach is

a sought after primary/2nd home beach community.


Scott Garrett


These intra-coastal fronting homes are a short 3/10 mile distance down 1st St,

just east of the subject property. There are an abundance of homes sandwiched

between Dixie Freeway and S Riverside Drive providing neighborhood customer

demand for convenient retail services at this retail center.


PH0TO REVIEW

PHOTOS, REVIEW OF TENANT USES


Scott Garrett



TENANT PROFILES

TENANT PROFILES


Scott Garrett


Save-A-Lot is a leader in the hard discount, carefully selected,

assortment grocery store industry with over 1,300 locations.

Save-A-Lot has had 40 + consecutive years of growth with plans

for new Save-A-Lot store locations through license and corporate

store development. .

Halifax Hospice Resale is a division of the Halifax Health

system—a highly regarded hospital medical system within

the Volusia County area. This store is one of 5 area

locations and offers shoppers the advantage of an

assortment of items at unbeatable prices. It is filled with

constantly changing inventory of donated treasures.

This World Class level martial arts academy is not just an

after school activity, it trains participants in personal

development through physical discipline. This self

confidence builder is the first step in a person’s

empowerment of their mental and physical abilities.

NSB Marine World opens New Smyrna Beach boat

enthusiasts to a world of marine industry expertise. Boat

sales is one dimension of this multi-faceted marine retail

operation.


AERIAL RETAIL OVERVIEW

AERIAL MAP


Scott Garrett


Canal Street, New Smyrna Beach Flagler Avenue, New Smyrna Beach


STREET MAP RETAIL OVERVIEW

STREET MAP


Scott Garrett


A 4-story, 114-room Hy-att Place hotel, is planned here, according to city documents

NSB AIRPORT


Scott Garrett



PROPERTY OFFERING & SUMMARY

PROPERTY & OFFERING SUMMARY

ASKING PRICE: $3,117,357

BUILDING SIZE: 51,214 SF

VCPA BLDG SIZE: 57,885 SF

LAND SIZE: 5.36 acres

ASKING PSF: $60.87

YEAR BUILT: 1974/1985

STRUCTURE: Wood/Steel

ROOF: 2014, 10 yr Warranty

HVAC/PLUMBING/ELECTRICAL:

ASK FOR SEPARATE DOC

PARKING: RESEAL 2014

LIFT STATION: Qtrly & Monitored

PEST CONTROL MONTHLY

PEST, RODENT, BEE/HORNETS

FIRE SPRINKLER MONITORING:

ANNUALLY CONTRACTED

FIRE SPRINKLER INSP-QTRLY

FIRE ALARM INSP-ANNUAL

RETAIL PARKING:

NORTH SIDE: 84 SPOTS

PARK RATIO: 2.5 PER 1K

NSB MARINE WORLD PARKING:

SOUTH SIDE: 7 SPOTS

PARK RATIO: .4 PER 1K


Scott Garrett



COMMUNITY OVERVIEW

NEW SMYRNA BEACH, FL OVERVIEW

New Smyrna Beach (NSB) is affectionately referred to as “Orlando’s Beach”. A short drive from Orlando is this quaint

thriving ocean front community full of fantastic local restaurants, beachside living, and a strong coastal workforce.

Summer finds NSB full of Orlando and area beach enthusiasts, during Winter, a plethora of northern snowbirds.

A number of reputable boat manufacturers call the NSB area home. Boston Whaler, with over 750 employees who re-

cently made a land acquisition of 60 ac +/- and a building expansion to support its thriving business. Plus Edgewater

Power Boats and Everglades Boats, both local to the property area. These well run operations all combine to deliver

over 1,000 good paying jobs to the immediate area.

SR 44 is an east-west running corridor connecting NSB to I-95 and I-4, which provides ready access to Orlando, Miami,

Jacksonville, and Tampa. US Highway 1 or Dixie Freeway is the north-south local commuter conduit for traffic con-

necting NSB to Edgewater, to its immediate south, and Port Orange/Daytona Beach, on its immediate north.

DEMOGRAPHICS 1 MILE 3 MILES 5 MILES

POPULATION 3,850 27,779 53,752

AVG HH INCOME $52,188 $73,527 $77,593

MEDIAN AGE 47.2 54.8 54.7

HOUSEHOLDS 1,774 13,174 24,778

DAILY TRAFFIC 26,684 CARS PER DAY on South Dixie Freeway and 4th St

30,813 CARS PER DAY on Lytle and Magnolia St

BOSTON WHALER


Scott Garrett



RE BROKERAGE SUMMARY

BOSS COMMERCIAL REAL ESTATE SUMMARY Boss Commercial Real Estate was born from the simple idea that service and commitment to our client is paramount. That

“simple” commitment translates to a level of service to our client that is unparalleled in our industry. We use a broad set of neces-

sary skills in our armamentarium to overachieve for our client’s: hands-on time-tested commercial real estate (CRE) expertise,

negotiation intuitiveness & experience, municipality & stake-holder relationship building depth, inherent geographic-demographic

area knowledge, and the ability to navigate municipal land use regulations early - all these in effort to achieve a wildly successful

outcome for our client.

Typical CRE assignments involve a number of moving parts in the support of a client to successfully achieve their commercial real

estate transaction goal. These transactions involve procurement of a buyer or tenant (for a property owner) or a real estate asset

or space (for a client interested to purchase or lease). These possible CRE procurement assignments are simply the beginning of

the adventure together. Marketing and diligent effort to seek out and find the best buyer or tenant for the property owner is the

work of a multi-platform, multi-media, proprietary data base endeavor that involves discipline, fortitude, persistence, and sales-

manship. This process is similar to but slightly different than the pursuit of a real estate asset or space desired by a Buyer or Ten-

ant. Our client’s know their real estate requirement—it is our responsibility to seek, find, and to fulfill it. Given the unique nature

of each parcel of commercial real estate, our team will sort through countless possibilities, distill those filtered into a narrowed set

of defined options, to maximize the quality level of the site selection process, and our client’s time. We do not limit our field of

search to on-market properties, we will pursue off market real estate possibilities as well. Whatever it takes.

No where, anywhere, will you find a team more committed to an all out effort to serve your real estate mission than BOSS.

Scott Garrett BROKER

[email protected]

407-733-8159, Mobile

1-321-549-6269, Fax

www.BossCRE.com

Scott grew up in southeast Iowa where he graduated high school then went on to

attend Wentworth Military Academy Junior College, Lexington, MO. He had no

intention to join the military following the completion of his two year degree program

at Wentworth, however, a 3 year Army ROTC scholarship for the balance of his

education persuaded him otherwise. Following graduation with his AA at Wentworth

Military Academy, Scott attended Stetson University, DeLand, FL, to obtain his

Bachelors of Science in Finance.

Following college, Mr Garrett served 4 years active duty in the United States Army.

Since then, he has enjoyed sales experiences with office equipment, then orthopaedic

implant devices. Since January 2012, Scott has aggressively represented client’s

exclusively working within the commercial real estate sector. He has assisted all types

of commercial real estate assignments with client’s ranging from small business to

national brands: vacant land, retail, industrial, office, and site procurement work for

large scale developers of residential and commercial projects throughout Florida.

BOSS COMMERCIAL REAL ESTATE

2211 SAXON DR, NEW SMYRNA BEACH, FL, 32169

WWW.BOSSCRE.COM

NSB Shopping Center

Retail Shopping Center

51,214 SF +/- Multi-Tenant

5.36 ac +/-

1720 S Dixie Freeway

New Smyrna Beach, FL, 32168

Documents

NS Shopping enter - LoopNet · 2020. 6. 5. · between Dixie Freeway and S Riverside Drive providing neighborhood customer demand for convenient retail services at this retail center