Riverside – Oviedo, FL
Property Description: Shoppes at Riverside Landing, a 5681 SF center shadow-anchored by Publix in a 78,179 SF neighborhood center that enjoys 95 % historical occupancy. This opportunity represents significant upside as 49% of the GLA is currently renting at 50% below market rates.
Location Description: The property is located in an area that continues to grow exponentially and that is supported by above-average demographics including average household income ($75,000) and household growth (115.0% increase 1990-2000). Subway currently occupies the end cap with excellent street visibility. Numerous other national retailers would find the other end cap attractive or this space could be demised to lease to 2 national tenants.
Zoning Description: PD (Commercial/Office)
Price : $28-30 p/sq. ft. (NNN)
Property Type : Shopping Center
Sq. Ft : 5,348 sq. ft.
Address : 1771 E. Broadway (CR419) Oviedo, FL 32765