Scherer Center 

28385 State Road 54 | Wesley Chapel, Florida 33545

Contact Brokers

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Jim Shiebler
Vice President Investments

Jim.Shiebler@MarcusMillichap.com
(O) 239.340.7811
FL #SL3347780

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James Garner
First Vice President Investments​James.Garner@MarcusMillichap.com
(O) 813.387.4796
FL #SL327365

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James Medefind
Senior Vice President Investments
James.Medefind@MarcusMillichap.com(C) 850-228-9400
(O) 813-387-4788
FL #SL3216834

Highlights

  • New 10-Year Leases With Attractive Rental Increases

  • National Brands - Pandemic, Recession & E-commerce Resistant Concepts

  • Class A New Construction / Beautiful Pride of Ownership Trophy Asset

  • Enormous Growth Corridor: Incredible Population Increase of 52.1%+ Within 1 Mile and 28.2% Within 3 Miles in Past 10 Years

Description

Marcus & Millichap is pleased to present Scherer Center in Wesley Chapel, Florida. An eight thousand square-foot retail center located on State Rd. 54, a major East / West thoroughfare through Wesley Chapel, Florida.  The property possesses over 1.97 acres of highly desirable Southwest Florida Real Estate. The asset is currently occupied by three nationally recognized tenants on net leases with healthy increases. The center’s tenants are also e-commerce, recession and pandemic resistant as true destination businesses. Scherer Center is perfectly situated in the epicenter of this highly desirable retail and dining destination. Offered at $5.46MM, Scherer Center provides an investor a rare opportunity to purchase a true pride of ownership trophy asset in one of Florida’s fastest growing metro markets. The attractive mix of recession proof and service-based tenants ensures stabilization of asset into the future. In the immediate area surrounding the subject property, there are numerous new master planned developments and residential communities which ensures enhanced positioning of this property to appreciate in value in the future.