​Description

Marcus & Millichap is pleased to present Shoppes at Meadow, a truly rare investment opportunity for an investor to purchase an 100% occupied shopping center with a proven track record of success in the submarket of Wesley Chapel, FL. Shoppes at Meadow is well positioned for the future with essential, service-based tenants. Medical office, discount, quick-service restaurants, hair salon, and child care summarize the existing tenant base at Shoppes at Meadow, all of which are best positioned to succeed in any market cycle. Shoppes at Meadow has an average base rental rate of less than $20 per square-foot. Wesley Chapel and other competing shopping centers are receiving an average base rental rate of over $30 per-square-foot. The significantly below market in-place rental rates will allow a new owner to expect strong appreciation in value. Along with this, Shoppes at Meadow is within 10 minutes of over 3,000,000 square-feet of new retail development. This includes the brand-new Tampa Premium Outlets, The Shoppes at Wiregrass (a premier open-air lifestyle mall), Cypress Shops (Target, Petco, Marshalls), The Cypress (LA Fitness), and more than three dozen national restaurant chains that have flocked to Wesley Chapel in recent years. Strong retail demand and synergies among surrounding retail centers ensure strong demand and above average market occupancies. A majority of the tenants do not have any options remaining in their lease expediates the ability to take advantage of the significant upside in rental rates. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.