27650-27690 Bermont Rd
Punta Gorda, FL 33982
Cleveland Marketplace · Retail Property For Sale

Cleveland Marketplace is a 66,427-Square Foot Winn-Dixie Anchored Center in Punta Gorda, Florida. The property is 100 percent leased with a desirable mix of restaurant and service tenants. The tenants pay low, replaceable rents and most have annual three percent increases. The strong performing Winn-Dixie enjoys a low rent to sales ratio. Winn-Dixie is a subsidiary of Southeastern Grocers which has 583 units in seven southeast states. Winn-Dixie currently operates 384 stores, 289 of which are in Florida. Co-tenants include Father & Son Pizzeria, Senior Fundamentals, Sky Liquor, Subway, King House Chinese Restaurant, Zoet Sweet Boutique, Empire Bagel and The Nail Garden Spa. The property is situated on 10.7 acres of land and has a parking ratio of 5.5 spaces/1,000 square feet. There have been recent capital improvements at the property including new paint, awnings, sealing and re-striping of the parking lot and facade signage for the shops. Punta Gorda is an attractive high growth low cost waterfront retirement destination located between growing Fort Myers and Port Charlotte. This center dominates this area as the only grocer anchored center east of Interstate 75. There are three outparcels equaling 2.89 acres, owned by the seller, not included in the sale.