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NSB Regional Shopping Center Sale
New Smyrna Beach, FL

$14,000,000 USD

General Retail For Sale  •  90,221 SF

2 Properties View all

Property Details

  • Property Type General Retail
0 Transit Score
50 Walk Score

Highlights

Fully Leased & Stable Anchors - 100% occupancy with Beall’s, Ollie’s, Firehouse Subs, and other long-term tenants ensuring stable income.
Value-Add Upside + Starbucks Optionality - New leases from Hand & Stone and Cookies (2026) lift NOI to $1.067 million
Starbucks outparcel can be sold separately to capture the 7.11% vs. 5.25% cap rate spread.
Publix-Anchored Strength - Part of a 213,000+ SF Publix-anchored center, with Publix ranked in the top 82% nationwide, driving consistent traffic.
Starbucks Growth Driver - Newly built (2024) Starbucks with a 10-year lease, 6 renewal options, and 10% rent increases every 5 years.
Passive NNN Investment - Majority NNN leases shift expenses to tenants, offering low-management ownership in a no state income tax jurisdiction.

Public Transportation

AirportDriveWalkDistance
Daytona Beach International 25 min - 17.1 mi
Orlando Sanford International 45 min - 30.9 mi
JP Beaulieu, CCIM, CLS 407-863-2966 Atrium Commercial Real Estate
JP Beaulieu, CCIM, CLS 407-863-2966 Atrium Commercial Real Estate