Paradise Pointe 

10681 Gulf Boulevard | Treasure Island, Florida 33706

Contact Brokers

James Medefind
Senior Vice President Investments
James.Medefind@MarcusMillichap.com
(O) 813-387-4788
FL #SL3216834

Highlights

  • Rare Beachside Location - Located on the main artery that connects St. Petersburg to the beaches making Paradise Pointe the marque property welcoming visitors to the tourist district.

  • Fully Stabilized Asset with Long-Term, Committed Tenants - All tenants have recently upgraded their interior buildout showing a long-term commitment to the location.

  • Upside in Rental Rate - Opportunity to adjust rents to market rate upon lease expiration and further upgrade the tenant mix and income.

  • Top Tourist and Snowbird Destination - Pinellas County and its surrounding beaches are the most visited destination on the U.S. Gulf Coast, drawing more than 15 million annual visitors. Snowbirds retire from 20+ states to return to Treasure Island every year.

Description

Marcus & Millichap is pleased to exclusively offer for sale Paradise Pointe, a 10,253-square-foot shopping center located in Tampa Bay MSA. The subject property is 100 percent leased with a premier tenant mix on long lease terms. All tenants have recently upgraded their interior buildout showing a long-term commitment to the location. Paradise Pointe is located at the corner of Gulf Boulevard and 107th Avenue, a lighted intersection with more than 37,000 combined traffic counts. 107th Avenue is the main artery that connects the city of St Petersburg to the beaches making Paradise Pointe the marque property welcoming visitors to Treasure Island and the St Pete Beach tourist district. Paradise Pointe has premier visibility and access while being located just 500 feet from white sand beaches. Tourists and snowbirds flock to Pinellas Beaches each year allowing the subject property to benefit from strong demand year-round. Pinellas County and its surrounding beaches are the most visited destination on the U.S. Gulf Coast, drawing more than 15 million annual visitors. Snowbirds retire from more than 20 states to return to Treasure Island every year to escape the harsh northern winters.