Bealls NNN 1441 Tamiami Trl 91,324 SF Retail Building Port Charlotte, FL 33948 $11,509,050 CAD ($126.02 CAD/SF) 7.71% Cap Rate

Franklin Street is pleased to present a single-tenant Bealls located in Port Charlotte Town Center in Port Charlotte, Florida. Port Charlotte Town Center is located in the center of the town and serves a 30-mile retail radius. Port Charlotte is in Charlotte County, located on the West coast of Florida just 44 miles from Sarasota and 28 miles from Fort Myers. Port Charlotte is known for its unhurried, laid-back lifestyle and plenty of Old Florida charm, and has been recognized as a top place to retire in the U.S. by Forbes Magazine, based on features like a low cost of living, Florida’s retiree-friendly tax code, quality health care, desirable amenities, and a vast network of canals and waterways that lead to Charlotte Harbor and the Gulf of Mexico. Port Charlotte is a sought-after destination for outdoor enthusiasts and golfers with over 700,000 annual visitors that generate over $700M a year. The Port Charlotte Town Center is in the process of being acquired by a developer to create a mixed use development. The proposed plan involves an open-air pedestrian experience, commercial-to-residential conversion, and mall renovations. A curated entertainment-focused tenant mix will draw residents and visitors while a central promenade creates a sense of place and a connection to the town.. This is a top 10 performing Bealls in the country that has already executed an early lease extension once, demonstrating their commitment to the site. Furthermore, after Hurricane Ian in 2023 the location received a new roof and Bealls remodeled their interior and exterior to further modernize their store. The investment offers an investor the opportunity to acquire a successful location in a strong and growing market. Bealls is privately owned and has little corporate debt, allowing them to successfully navigate bull and bear markets.