|Gross Leasable Area (GLA)||12,600 Sq.Ft.|
|Price Per Square Foot (GLA)||$282|
|Lot Size||1.28 Acres|
Marcus & Millichap is pleased to offer for sale Shoppes of Largo, a stabilized shopping center located in Largo, FL, an affluent Tampa MSA suburb located only 25 minutes from downtown St. Petersburg.
The subject property is a 12,600-square foot shopping center built in 2004. The property is currently 100 percent occupied by an attractive tenant mix including FedEx and Fantastic Sams. All tenants are on net leases with less than 30 percent expiring over the next 3 years. In addition, the property is shadow anchored by Home Depot, Publix and Walgreens which is a significant draw to the over 50,000 average daily traffic on Ulmerton road.
Shoppes of Largo offers investors an opportunity to acquire a low management, stabilized asset in a dense retail corridor. The city of Largo is the third largest city in Pinellas County, Florida. Largo is a bedroom community within Tampa Bay and home to a number of large contributors in the healthcare industry including Largo Medical Center. The population within a five mile radius of Shoppes of Largo is over 250,000 people per year compared to the national average of approximately $74,699 per year.