Antique Alley - A Value-Add Investment

Created in the late 1950’s, the Antique Alley in Belleair Bluffs, FL has been a beehive of retail activity ever since. Over the years, The Alley was often an incubator for retailers that began there and then moved on to larger retail footprints in the same booming trade market. The Shops on The Alley now include an eclectic mix with a wide variety of products and services, but with a common thread. Each provide something that is unique and hard to find elsewhere.

This offering represents an opportunity to add significant value in a unique retail environment.

In this excellent trade market, this 1+ acre parcel has substantial future value as a part of some eventual redevelopment. This establishes the bedrock value of this property.

But for the near term, it is an excellent candidate to increase revenues and generate real cash-flow returns within the first two years of ownership.

Current overall actual rents equate to $12.75 PSF on a modified-gross basis, while retails rents in this trade market are from $25 to $37 PSF on a NET basis.

Tweaking the tenant mix and moving leases to a net basis over time will significantly improve cash flow.