Redington Village - 17307 Gulf Blvd, North Redington Beach, FL 33708

Mike Milano, CCIM, MAI and Nicholas Coccodrilli with Colliers International are pleased to offer for sale a rare opportunity to buy a well-positioned strip center on Gulf Blvd. in North Redington Beach, FL. Affluent surrounding neighborhoods, dense daytime and permanent population, and beachfront communities make Gulf Blvd. one of the most sought after locations for restaurant, grocery and upscale retailers in south Pinellas County. Gulf Blvd. is mostly developed, which creates high barriers to entry for new construction, forcing developers and retailers to either renovate or raise existing structures. The area has a one-mile population of 3,850 with an average household income of $109,640. Florida’s average household income trails at $76,652.

Redington Village has six suites, of which five are leased and one is currently vacant. The Landlord is in lease discussion with a prospective tenant and anticipates having a fully executed lease within the next 30 days. For this reason our analysis and OM assumes Redington is 100% leased. Of the five current tenants, three have 3% increases and all tenants have over five years remaining on their lease term, with the first lease rolling over on January 2026. The subject represents a great opportunity to acquire a stabilized retail center on a high trafficked corridor within an affluent submarket.

All tenants are on triple-net leases (tenants reimburse for operating expenses).
Brand new retail center constructed in 2020.
Dunkin is on a new 15-year lease and Burrito Social is on a new 10-year lease. The other three tenants are on new 5-year leases.
Three tenants have annual rent increases of 3%.
Good layout with ample parking and maximum frontage along Gulf Blvd.
Occupied by internet-resilient tenants focused on services and experiences.
Above average on-site parking in a very dense submarket where limited parking is part of the norm.
Located in the heart of Pinellas County beach communities.
Above average household income within a one-mile radius of $109,640.