Shoppes of Largo

Shoppes of Largo

Shoppes of Largo
10581 Ulmerton Road
Largo, FL

$3,552,005

Cap Rate 7.15%
Gross Leasable Area (GLA) 12,600 Sq.Ft.
Price Per Square Foot (GLA) $282
Year Built 2004
Lot Size 1.28 Acres
  • Shadow anchored by Home Depot, Publix and Walgreens
  • Stabilized Asset
  • Population of over 250,000 in a Five Mile Radius
  • “Main and Main” Location
  • Five points of ingress/egress to the parcel
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Confidentiality and Buyer Registration Agreement

Marcus & Millichap Real Estate Investment Brokerage Company (“Broker”) has been asked to serve in the capacity of exclusive agent for the (“Seller”) regarding the potential sale of the properties known as: Shoppes of Largo (the "Property").

To receive financials and other vital data please read, sign and return this completed Confidentiality Agreement to Broker. The property information has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information that prospective Buyers may need or desire. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property.

By accepting the financial reports and market data, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney’s fees, collectively “Claims”) arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney’s fees and court costs which James Medefind or Marcus & Millichap REIS may be incurred with respect to any claims for other real estate commissions, broker’s fees or finder’s fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

The Financial Reports and market data, except such information that is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the property information, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the information or any of the contents to any other entity (except to outside advisors retained by you, if necessary for you determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the information or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

No employee of Seller or at the subject property is to be contacted without the written approval of the agent and doing so would be a violation of this confidentiality agreement.

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.

For More Information, Please Contact:

Thomas Edwards

Associate
(813) 387-4798
Thomas.Edwards@MarcusMillichap.com