University Shoppes of Sunrise

■ Located in densely populated Sunrise, FL Sub market, at
Signalized intersection of W Oakland Park Blvd and NW
8th Terrace
■ Out parcel to 235 new garden style apartment units
coming soon.
■ Facade upgrades of subject property to be completed
by multifamily developer of the 235 apartment units
behind subject.
■ Excellent access and visibility
■ Traffic count exceeds 94,000 VPD at the intersection.
■ No State income tax in Florida

Chuck E. Cheese’s

■ Located in densely populated Sunrise, FL Sub market, at
Signalized intersection of W Oakland Park Blvd and NW
8th Terrace
■ Out parcel to 235 new garden style apartments coming
soon – Estimated apartments completion Dec 2021
■ Excellent access and visibility along with cross access with
ALDI, and a Sherwin Williams and Sprint anchored retail
strip on N University Drive.
■ Traffic count exceeds 94,000 VPD at the intersection.
■ No State income tax in Florida
■ Newly built Walgreens less than 650 Feet from subject.

Value Add Winn Dixie Center

John Burpee & Associates is proud to present the 49,686 Net
rentable SqFt Winn Dixie Plaza Located in Kenneth City, Fl
(St. Petersburg Pinellas County Tampa Bay MSA). The property
has been continuously occupied by Winn Dixie since 1964 and is
one of their better performing properties in the Tampa Bay MSA.
Winn Dixie currently occupies 36,097 SqFt feet (72.59%) with
the current lease expiring November 2023.
There is an additional 13,589 SqFt of local tenant mini box space
that is currently vacant for value-add opportunity to a new owner.
Rents in the market should generate $15 PSF NNN for the
current vacant space with minor T/I expense for new tenancy.
Please see copies of the current Winn Dixie Lease on Page 7 of
section 2 of this O/M.

Hard Corner Value Add Retail

John Burpee & Associates is proud to present a true Hard Lighted Corner value
add land bank opportunity located at 126th Ave N & 66th Street in Largo
Florida.
The site is approximately 1.4 Acres (MOL) with a lighted hard corner access
from both 126th Ave and 66th St North. The site is perfect for a high volume
gas station, fast food or other national firm looking to increase their presence
in Pinellas County Florida. Currently the site consists of 13,440 Gross / 12,000
leasable sqft retail plaza that is 100% occupied allowing a future buyer the
opportunity to service debt while waiting for development approvals. The
property has minimal deferred maintenance but could use a parking lot seal
and striping to upgrade the exterior appearance. The concrete block
construction assures future ownership of lower insurance and minimal longterm
maintenance costs.
66th St street has long been an excellent local market commercial corridor and
considered the alternative North / South to US Highway 19. The surrounding
local market has 98% average occupancy with excellent demographics and
traffic counts on 66th street and the surrounding market. Pinellas County is the
most densely populated county in the state of Florida and continues to grow on
an annual basis. The current seller is open to waiting for development &
rezoning approvals and may entertain a build to suit or long-term land lease
option.
Our firm stands ready to offer management for this asset should a new owner
require such services

IHOP

Marcus & Millichap is pleased to offer this 4,500-square foot IHOP ground lease located in Tarpon Springs, Florida. Sunshine Restaurant Partners, a 150+ location franchisee with exclusive rights to IHOP restaurants in Florida and 24 counties in Southern Georgia, signed a 15-year, absolute net ground lease that was delivered to the tenant in January 2020 featuring $10,000 rent increases every 5 years throughout the initial lease term and options. The subject will satisfy a current void in demand for restaurants in Tarpon Springs and benefits from favorable demographics and a stunning traffic counts of ±68,500 vehicles per day.

1050 Miller Drive

Marcus & Millichap is pleased to offer for sale to qualified investors, Canteen Vending’s Orlando distribution center located in Altamonte Springs (Orlando MSA), Florida. Canteen recently relocated to the subject property signing a fresh 10-year, double-net lease in early 2019. The lease offers attractive two percent (2.0%) annual increases throughout the primary term protecting against future inflation.

Canteen Vending was acquired by Compass Group USA, a subsidiary of Compass Group PLC (LSE: CPG) in 1994. Compass Group is the largest food service company in the world with annual revenues exceeding £22.964 billion in 2018. Canteen has led the vending industry for more than 85 years and has 14 locations across Florida and over 200 locations serving 48 states. Their business model focuses on coffee and tea products, water delivery, pantry solutions and healthy vending, serving clients such as hospitals, airports, business centers, attractions, tourism and small office solutions.

The building offers 48,255 square feet of net rentable space and is comprised of 16,475 square feet of office with the remainder being warehouse and cooler space. Housed on a 5.41-acre lot, Compass Group benefits from a low lot coverage ratio which provides ample parking for delivery trucks in addition to having substantial room for growth. Significant property improvements were made to the subject in 2018 including new roll-up doors and loading bays for distribution, new parking lot stripe & seal, newly coated roof with a 10-year transferable warranty, upgrades to the electrical, plumbing and bathrooms, new walk-in cooler and interior warehouse & office improvements. The building is also fully sprinklered with a new wet pipe system installed in 2015.

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Corner of Savona and Paar

This is 3+ Acres with multiple possibilities. Conveniently located on a corner, it can be home to Condos, Gas Station, Strip Mall or numerous others. If you are looking for an investment property to build, look no further.

KFC

Largest KFC Franchisee in US. 700 units – long operating history. Passive, secure long term tenant. Strong guarantee with great sales.