Village at Causeway

Investment Highlights

27K SF UNANCHORED RETAIL STRIP CENTER
• Village at Causeway is a 27,860 SF unanchored convenience retail strip center
• Built in 2019 and stabilized at 100% occupancy
• All Shop Space | Average suite size 2,100 SF
• E-commerce-resistant tenant mix

ORGANIC NOI GROWTH | MARK TO MARKET OPPORTUNITIES
• All tenants are in their original term and have annual increases in rent | All option periods for tenants have annual increases in rent
• WALT: 3 Years
• Average rental rate in Strip Center: $33/SF
• Contact listing broker for Rent Comps on Causeway Boulevard
• Extremely low Vacancy Rate along the Causeway Boulevard (1.50% According to CoStar)
• Opportunity to increase rents to market or lease to nationals if space becomes available

E-COMMERCE RESISTANT MIX
• Tenant mix is 100% convenience and destination-oriented
• Strandhill is a popular local brewery to the patrons of Brandon
• Many popular local restaurants — including Jimmy John’s, Ramen/Sushi, One Zo, Mexican Food, Crossroads Hot Chicken, Strandhill, and Canopy Road.
• Service Tenants include Nail Shop, PT Solutions, Barber Shop, and IV
• Game Over Tampa is a popular escape room with over 250 Google Reviews (4.8 Stars)
• Entire tenant lineup is Amazon-Proof

STRONG FUNDAMENTALS
• Property sits at a high traffic signalized intersection
• 3 points of Ingress/Egress
• Village at Causeway has visibility front facing the road for all tenant signage
• Complex includes other traffic generators including a Hampton Inn Suites and RaceTrac
• Center sits at entrance to a 450 unit apartment complex and across the street from 700 apartment units