Arcadia Plaza | 1701-1737 E Oak St
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Arcadia Plaza 1701-1737 E Oak St
98,666 SF 97% Leased Retail Building Arcadia, FL 34266 $12,000,000 ($122/SF) 7.20% Cap Rate
Investment Highlights
- Value Add potential by adding an outparcel
Executive Summary
Sean Glickman, CCIM, Managing Director and Chris Smith Director of the retail capital markets at Cushman and Wakefield is proud to offer for sale this 98,666 SF, Winn-Dixie shadow anchored center in Arcadia FL.
The property is anchored by 72% national credit tenants and 100% service oriented tenants such as Tractor Supply (Credit Rating A2), Goodwill, Hibbett Sports (Credit Rating C1), Pet Supermarket, Beef O Brady’s, H&R Block and more.
Value Add potential thanks to 32% of rents below market as well as a potential outparcel additionThe property has good visibility and access with five points of ingress/egress. Surrounding retail centers feature many national tenants such as Bealls, Dollar General, Save-A-Lot, Wawa Walgreens and more.
Leases expiring through 2026 are 32% below market.
Value Add potential by adding an outparcel.
The property is located on the main retail artery (SR 70)which leads to Sarasota and Bradenton in the east and Fort Myers in the South.
Shadow anchored by a successful single tenant Winn-Dixie store (separately owned) may be available for sale in a separate transaction.
Immediate vicinity features multiple national retailers such as Winn-Dixie, Publix, Walmart, Bealls, Dollar
General, Save-A-Lot, Walgreens, Taco Bell, Culver’s,Planet Fitness, UPS, Verizon and more.
NOI growth (10 yr CAGR) of 34.8%
The trade area features multiple golf courses, RV resorts, and country clubs, as well as being located on the Peace River which offers many outdoor activities such as boating and fishing.
6 national tenants representing 72% of the GLA with 16 years average tenure of success at this center.
Winn-Dixie is being acquired by Aldi. We expect this store to renovated and be re-branded as a new Aldi store. This should only increase the traffic flow into this center and improve the cap rate with a stronger brand.
The roof was partially replaced in 2021 (57,000 SF) and has 17 years remaining on its warranty. Lights were converted to LED and multiple AC units replaced in 2023.
The property is anchored by 72% national credit tenants and 100% service oriented tenants such as Tractor Supply (Credit Rating A2), Goodwill, Hibbett Sports (Credit Rating C1), Pet Supermarket, Beef O Brady’s, H&R Block and more.
Value Add potential thanks to 32% of rents below market as well as a potential outparcel additionThe property has good visibility and access with five points of ingress/egress. Surrounding retail centers feature many national tenants such as Bealls, Dollar General, Save-A-Lot, Wawa Walgreens and more.
Leases expiring through 2026 are 32% below market.
Value Add potential by adding an outparcel.
The property is located on the main retail artery (SR 70)which leads to Sarasota and Bradenton in the east and Fort Myers in the South.
Shadow anchored by a successful single tenant Winn-Dixie store (separately owned) may be available for sale in a separate transaction.
Immediate vicinity features multiple national retailers such as Winn-Dixie, Publix, Walmart, Bealls, Dollar
General, Save-A-Lot, Walgreens, Taco Bell, Culver’s,Planet Fitness, UPS, Verizon and more.
NOI growth (10 yr CAGR) of 34.8%
The trade area features multiple golf courses, RV resorts, and country clubs, as well as being located on the Peace River which offers many outdoor activities such as boating and fishing.
6 national tenants representing 72% of the GLA with 16 years average tenure of success at this center.
Winn-Dixie is being acquired by Aldi. We expect this store to renovated and be re-branded as a new Aldi store. This should only increase the traffic flow into this center and improve the cap rate with a stronger brand.
The roof was partially replaced in 2021 (57,000 SF) and has 17 years remaining on its warranty. Lights were converted to LED and multiple AC units replaced in 2023.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
98,666 SF
Building Class
C
Year Built/Renovated
1984/2003
Price
$12,000,000
Price Per SF
$122
Cap Rate
7.20%
NOI
$864,000
Percent Leased
97%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
4 Exterior
Building FAR
0.36
Lot Size
6.21 AC
Zoning
C1 - Commercial Shopping Center
Parking
612 Spaces (6.2 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Energy Star Labeled
Space Availability
- Space
- Size
- Space Use
- Position
- Available
| Space | Size | Space Use | Position | Available |
| 6 | 3,410 SF | Retail | - | Now |
6
| Size |
| 3,410 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
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VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
6
| Size | 3,410 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,430,000 | |
| Land Assessment | $0 | Total Assessment | $3,430,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$3,430,000
Total Assessment
$3,430,000
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VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Arcadia Plaza | 1701-1737 E Oak St
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