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Shoppes Of Victoria Square 1450 N Courtenay Pky Local commercial 10 124 m² 98 % Loué À vendre Merritt Island, FL 32953

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Certaines informations ont été traduites automatiquement.

Informations principales sur l'investissement

Prime location
Value-add potential
Favorable market dynamics

Anchored by national tenants
Recent renovations
Triple-net leases

Résumé analytique

Avison Young is pleased to exclusively offer for sale the Shoppes of Victoria Square (“the Property”), a 98% leased, ±108,975 SF retail center located along Merritt Island’s primary commercial corridor. The Property recently underwent a major $8M capital improvements program and features a strong mix of national tenants including Burlington, Ulta, and Five Below, each secured under new long-term leases.
Situated on ±13.58 acres with signalized access and outstanding visibility to over 30,000 vehicles per day, the Property benefits from excellent access, ample surface parking, and more than 400 feet of frontage along Courtenay Parkway. Nearly all leases are structured as triple-net, offering stable cash flow with minimal landlord obligations.
Two undeveloped outparcels offer investors a clear path to near-term value creation, while upcoming lease maturities present opportunities to mark rents to market. With its strong tenant lineup, significant recent capital improvements, and embedded upside, Shoppes of Victoria Square is a high-performing retail asset in a rapidly growing Florida submarket.

Victoria Square - Flyer

Co-Broker CA- Shoppes of Victoria Square

Informations sur l’immeuble

Type de vente

Investissement

Type de bien

Local commercial

Surface de l’immeuble

10 124 m²

Classe d’immeuble

Année de construction

1989

Pourcentage loué

98 %

Occupation

Multi

Hauteur du bâtiment

1 étage

Quais de chargement

1 Extérieur

Coefficient d’occupation des sols de l’immeuble

0,18

Surface du lot

5,50 ha

Zonage

GML, County - Commercial

Stationnement

381 places (37,63 places par 1 000 m² loué)

Façade

87 m sur Artemis Blvd

Voie de virage exclusive
Visibilité de l’autoroute

Enseigne sur pylône
Restaurant

Signalisation

Climatisation

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Burlington Stores is a publicly traded off-price retailer headquartered in Burlington, New Jersey. Founded in 1972 as Burlington Coat Factory, the company initially specialized in discounted outerwear before expanding into a broad range of merchandise, including apparel for women, men, and children, footwear, accessories, home décor, toys, and beauty products. Burlington operates stores across the United States and Puerto Rico under the Burlington banner, following a model that offers branded merchandise at significant discounts compared to traditional retailers. The company went public in 2013 and trades on the New York Stock Exchange under the ticker symbol BURL. Burlington has grown into a Fortune 500 company and continues to expand its footprint nationwide. As of 2025, the retailer maintains more than 1,100 locations and emphasizes a dynamic inventory strategy to deliver value-driven shopping experiences.

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Five Below began in October 2002 when founders Tom Vellios and David Schlessinger opened the first store in Wayne, Pennsylvania. The company focuses on providing a wide range of products across categories like tech accessories, home goods, sporting goods, toys, and candy. Five Below's business model centers around extreme value pricing, with most items between $1-$5. The retailer has expanded significantly since its founding and now maintains a substantial presence across many states while continuing to target young customers with its affordable merchandise selection.

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Ulta Beauty is a U.S.-based beauty retailer headquartered in Bolingbrook, Illinois. Founded in 1990, the company was created by Terry Hanson and Dick George with the goal of offering a wide range of beauty products across both prestige and mass categories. Ulta Beauty has expanded nationally and now operates stores featuring cosmetics, fragrance, skincare, and haircare, along with in-store salons providing hair, skin, and brow services. As a publicly traded company, Ulta oversees merchandising, store operations, marketing, e-commerce, and supply chain strategy from its Illinois headquarters. The organization continues to grow through retail expansion, partnerships, and private-label development.