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Edgewater Plaza 2102 S Ridgewood Ave 24,608 SF 100% Leased Retail Building Edgewater, FL 32141 $3,600,000 ($146.29/SF) 7.70% Cap Rate
INVESTMENT HIGHLIGHTS
- Transformative Surrounding Development: Adjacent to Deering Park North & Deering Park Center, a 7,000+ acre master-planned community
- Robust Traffic Counts: Exposure to ±21,500 vehicles per day (VPD).
- Superior Accessibility & Visibility: Prominent frontage with convenient on-site parking for customers.
- Prime US-1 Location | S. Ridgewood Avenue: Positioned along a highly trafficked corridor with excellent frontage and visibility.
- Established & Diverse Tenant Mix: A strong lineup of tenants meeting everyday local demand.
- Compelling Value-Add Potential: Significant upside through conversion to triple net leases and rental growth.
EXECUTIVE SUMMARY
Kyle Matthews
License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Signage
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Atlantic Waves Skin Spa & Hair
- Services
- -
- -
- -
- -
- Edgwater Used Appliance
- -
- -
- -
- -
- -
- Libby Lurs Puppy Do's
- -
- -
- -
- -
- -
- Mindful Healing Counseling Services
- Professional, Scientific, and Technical Services
- -
- $12.50
- Plus Electric
- Aug 2025
- Southeast Volusia Democratic Headquarters
- -
- -
- -
- Plus Electric
- Aug 2020
- Trinity Fellowship
- Services
- -
- -
- -
- -
-
- Manufacturing
- -
- -
- -
- -
Trulieve is an industry leading, vertically integrated cannabis company and multi-state operator in the U.S., with established hubs in the Northeast, Southeast, and Southwest, anchored by leading market positions in Arizona, Florida, and Pennsylvania. Trulieve is poised for accelerated growth and expansion, building scale in retail and distribution in new and existing markets through its hub strategy. By providing innovative, high-quality products across its brand portfolio, Trulieve delivers optimal customer experiences and increases access to cannabis, helping patients and customers to live without limits. Trulieve is listed on the CSE under the symbol TRUL and trades on the OTCQX market under the symbol TCNNF.
- Universal Smiles
- Health Care and Social Assistance
- -
- -
- Plus Electric
- Aug 2020
- VIPcare
- Health Care and Social Assistance
- -
- -
- Triple Net
- Nov 2027
- yumcrumb
- -
- -
- -
- Plus Utilities
- Nov 2022
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Atlantic Waves Skin Spa & Hair | Services | - | - | - | - | |
| Edgwater Used Appliance | - | - | - | - | - | |
| Libby Lurs Puppy Do's | - | - | - | - | - | |
| Mindful Healing Counseling Services | Professional, Scientific, and Technical Services | - | $12.50 | Plus Electric | Aug 2025 | |
| Southeast Volusia Democratic Headquarters | - | - | - | Plus Electric | Aug 2020 | |
| Trinity Fellowship | Services | - | - | - | - | |
|
|
Manufacturing | - | - | - | - | |
| Universal Smiles | Health Care and Social Assistance | - | - | Plus Electric | Aug 2020 | |
| VIPcare | Health Care and Social Assistance | - | - | Triple Net | Nov 2027 | |
| yumcrumb | - | - | - | Plus Utilities | Nov 2022 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $538,273 | |
| Land Assessment | $307,769 | Total Assessment | $846,042 |
PROPERTY TAXES
Presented by
Edgewater Plaza | 2102 S Ridgewood Ave
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