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Description:
Windover is a Publix and Dockside Imports anchored center. Publix has been
in this center since its date of construction, 1984. Publix exercised the first of four,
5-year options. The option period began October 1, 2004. Dockside Imports is an existing
tenant and occupies the former Eckerd space as a subtenant. Eckerd's lease expired
November 13, 2004. Dockside has entered into a new 5-year lease with the Landlord,
effective November 13, 2004. Other credit tenants include Sally's Beauty Supply
and the US Government. In addition to the four regional credit anchors and other
credit tenants, Windover is 100% occupied, thus making it a stable and desirable
investment.
Location:
2227 W. New Haven Avenue
SW corner of Doherty Drive and US Highway 192
Melbourne, Brevard County, Florida
Property Type:
Neighborhood Shopping Center
Property Size (GLA):
78,271 square feet
Site Description:
10.2 net acres or 444,312 square feet
Parking:
The center has 406 parking spaces (395 regular spaces and 11
handicapped) 5.2 spaces per 1,000 square feet.
Year Built:
1984
Anchor Tenants
Publix and Dockside Imports
Investment Highlights:
Solid Investment with a Strong, Established Tenant Base
- Publix exercised first of four, 5-year options - term began on October 1, 2004
- Publix 2004 gross sales $482.17 per square foot - a 13.4% increase over 2003
- Dockside Imports, existing tenant, executed new 5-year lease
- Windover Square is 100% occupied
Great Location and Demographics
- Signalized intersection at the heart of West Melbourne's primary retail corridor, US Highway 192
- Excellent ingress and egress
- 42,775 daytime population and 41,324 total residents within 3 miles
- Average household income of $49,421 within 3 mile radius of center
- 64.70% owner occupied units within 3 miles
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