Apollo Beach, FL - The Yard at Waterset Multi-Tenant Strip Building 4

Description:

• Planet Fitness and Rock N Roll Sushi both signed brand new 10-year lease with 2 (5-year) option periods to extend, demonstrating their commitment to the site. PT Solution also signed a new 5-year lease
• All leases feature scheduled annual rental increases throughout the initial term and options, growing NOI and hedging against inflation
• The PT Solutions lease is signed by the corporate entity, others are franchisee
• Offering features brand new late 2024 construction
• Subject property within a hot retail market with current rent is already 10%below the market rate

• Strategically located near the signalized, hard corner intersection of Paseo Al Mar Boulevard and Tamiami Trail, averaging 57,900 VPD
• The major surrounding commuter routes make this a centralized location with easy access
• Ideally situated near Paradise Shoppes of Apollo Beach (120K+ SF), Waterside Shoppes (46K+ SF), and other prominent shopping centers
• The surrounding tenants include Publix, First Watch, Truist Bank, Dunkin, Verizon, Starbucks, CVS Pharmacy, and many others
• Built in December 2024, the asset features a state-of-the-art design using the highest-quality materials available
• The subject lies within the The Yard at Waterset development, a brand new project that includes 236 luxury multi-family units and 81K+ SF of retail with notable tenants including Crunch Fitness, WingStop, Edward Jones, Planet Smoothie, and others