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Description:
Rockledge Square is a Publix and Eckerd/
CVS anchored shopping center. Publix has
been in this center since its date of construction,
1985. Publix exercised the first
of four 5-year options effective May 2005.
Also, Eckerd/CVS exercised its first 5-year
option. Recent new leases and renewals
include Curves for Women, H&R Block,
and Advance America.
Rockledge is located on North US
Highway 1 and is the primary groceryanchored
center serving Rockledge.
Rockledge's location on US 1 is enhanced by its access. The main entrance is a signalized
entrance and has a turn lane allowing a left hand turn into the center. In addition, there are
two other entrances, both on US 1. One entrance is north of the main entrance and one is
south of the main entrance. Both of these entrances allow for right in, right out, and have a
curb cut for left hand turns into the center.
SR 520 on Merritt Island is the primary retail corridor serving Rockledge and Merritt Island.
The highest concentration of community and non-grocery anchored centers is along SR 520.
On the mainland, there are only two other grocery-anchored centers approximately three miles
south of Rockledge Square. This lack of immediate grocery-anchored competition highlights
Rockledge Square as a stable and desirable investment.
Location:
1880 North US Highway 1
Rockledge, Florida 32955
Property Type:
Neighborhood Shopping Center
Site Description:
76,018 total square feet GLA, 10.78 acres (469,577 square feet)
Parking:
The center has 386 parking spaces (approximately
5.1 spaces per 1,000 square feet).
Year Built:
1985
Anchor Tenants
Publix and Eckerds/CVS
Investment Highlights:
Solid Investment with an Established Tenant Base
- Publix has extended its lease term to 5/22/2010
- Publix 2004 gross sales - 11.1% increase
- Eckerd/CVS has extended its lease term to 5/10/2010
- Recent new lease signed by Curves for Women. New lease renewals include
H&R Block and Advance America
Great Location and Demographics
- Primary grocery-anchored shopping center serving Rockledge
- Excellent ingress and egress
- Within the submarket, only two other grocery-anchored centers located on the mainland
- Population within 3 miles is 38,731
- Average household income of $50,013 within 3-mile radius of center
- 66.50% owner occupied units within 3 miles
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