San Casa Square

Highlights:

• VALUE-ADD OPPORTUNITY: Below market rents currently in-place with some long-term tenants, offering potential upside for investors
• EXCELLENT EXPOSURE: Highly sought-after corner location on Placida Road provides high visibility and exposure
• HIGH TRAFFIC COUNTS: The center fronts one of the most heavily traveled corridors, just minutes from the water

Description:

This fully leased, multi-tenant retail strip center is located at a signalized, high-traffic intersection at Placida Road and San Casa Drive in Charlotte County. This offering represents an excellent investment opportunity with value-add potential, as several rents are currently below market. The center is situated in a well-traveled corridor near the water and consists of a single building with seven tenants on approximately 1.22 acres. The site sits on higher ground and did not experience flooding during recent storms. It also features a diverse tenant mix, with many long-term leases in place. Several of these leases include built-in rent increases, offering a projected CAP rate of over 6% based on future NOI.

Ownership has recently made a substantial investment in improvements, including:
∙Exterior repainting
∙New pylon sign
∙New illuminated tenant signage above each unit
∙New light fixtures installed at the rear entrances of all units
∙New HVAC units in several tenant-occupied spaces
∙Restriping of the parking lot and installation of new parking curbs
∙Resurfacing of the front sidewalk

The asset is centrally located between Englewood to the north and Boca Grande to the south

1 Space Available

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