Anchored Neighborhood Shopping
4901 Palm Beach Blvd Fort Myers, FL 33905
4901 Palm Beach Blvd, Fort Myers, FL, 33905
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For Sale
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Shopping center is 92% occupied and anchored by Big Lots, Citi Trends, Save-A-Lot, and Dollar General.
Property Size170,811 SF
Days on Market104
Property Features for 4901 Palm Beach Blvd
General Information
- Standard status
- Active
- Size
- 170,811 SF
- Property subtype
- Retail
Listing agency
Marcus & Millichap
Listed by
Medefind Garner Shiebler Group · License #SL3216834
Source
Crexi
Added: Apr 10 Updated: Jul 21 at 3:30PM Checked: Jul 21 at 3:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap
Investment Insights
Based on property information with market context.
Morse Shores is a 170,811-square-foot shopping center currently 92 percent occupied and anchored by Big Lots, Citi Trends, Save-A-Lot, and Dollar General. The center is anchored by long-term tenants including Big Lots, which has been in occupancy for nearly 25 years and expanded its footprint by more than 17,000 square feet upon renewing its lease in 2015 for an additional 10 years. The shopping center also reflects stability across existing tenancy, with 66 percent of the center leased to current tenants for more than seven years.
Located on Palm Beach Boulevard, the main east-west thoroughfare connecting downtown Fort Myers to Interstate 75, Morse Shores benefits from retail and visitor demand in the surrounding area. North Trail RV is across the street and is undergoing a major expansion of its dealership and service department, expected to draw visitors and recreational vehicles from across the United States. With consistent cash flow and long lease terms, the offering notes expected financing outcomes with an above 13.9 percent cash-on-cash return year one.
Located on Palm Beach Boulevard, the main east-west thoroughfare connecting downtown Fort Myers to Interstate 75, Morse Shores benefits from retail and visitor demand in the surrounding area. North Trail RV is across the street and is undergoing a major expansion of its dealership and service department, expected to draw visitors and recreational vehicles from across the United States. With consistent cash flow and long lease terms, the offering notes expected financing outcomes with an above 13.9 percent cash-on-cash return year one.
Key Highlights
- 170,811 SF shopping center in Fort Myers, FL, anchored by Big Lots, Citi Trends, Save‑A‑Lot, and Dollar General.
- Property is 92% occupied and includes long‑term tenant occupancy history, with 66% of the center leased to existing tenants for more than 7 years.
- Big Lots has been in occupancy for almost 25 years and expanded by more than 17,000 SF after renewing its lease in 2015 for an additional 10 years.
Property Analytics
Location Intelligence
Current Use by Public Records
Citi Trends
Women'S Clothing Store
A & A Jewelry
(Bike/Boat/Book/etc) Store
Cricket Wireless Authorized ...
Mobile Phone Store
Palm Beach Blvd ...
Dental Office
Welcome Room WellCare ...
Insurance Agency
Similar For Sale Nearby
Similar Off Market Nearby
- Morse Shores Shopping Center — 4901 Palm Beach Blvd, Fort Myers, FL 33905
FAQs
What type of property is this?
Shopping center - Shopping center is 92% occupied and anchored by Big Lots, Citi Trends, Save-A-Lot, and Dollar General.
Where is this shopping center located?
The property is located at 4901 Palm Beach Blvd Fort Myers, FL.
What are key features of this property?
This property features: 170,811 SF shopping center in Fort Myers, FL, anchored by Big Lots, Citi Trends, Save‑A‑Lot, and Dollar General.; Property is 92% occupied and includes long‑term tenant occupancy history, with 66% of the center leased to existing tenants for more than 7 years.; Big Lots has been in occupancy for almost 25 years and expanded by more than 17,000 SF after renewing its lease in 2015 for an additional 10 years.
