Temple Terrace, FL - Fountain Shoppes

Description:

• Opportunity to acquire The Fountain Shoppes, a retail development that consists of two multi-tenant strip centers and two single tenant properties
• Tenant lineup consists of Chase Bank, AT&T, Hand & Stone, The Joint Chiropractic, Rocking Crab, Jersey Mike’s, and Starbucks
• Chase Bank is operating under a 15-year lease and all other tenants are on 10-year leases with options to extend, demonstrating their long-term commitment to the site
• Each tenant operates under leases which are NNN in nature, limiting expense leakage for a future investor
• The vacant pad in front of Chase on the NWC of the site is already zoned and approved for a 3,500 SF building (See Page 14)

• Fountain Shoppes is strategically located in Downtown Temple Terrace and at the signalized intersection of E. Busch Blvd and N. 56th Street
• More than 88,000 combined vehicles pass by daily
• Next to Waverly Terrace, a luxury apartment complex with 200 units, providing an immediate consumer base from which to draw
• Positioned within a dense retail corridor that includes a 310,000+ SF Publix anchored shopping center, CVS, Walgreens, Wawa, and more
• The adjacent Publix is ranked in the 78th percentile (295 out of 1,349) of all nationwide locations via Placer.ai