Market at Bay Shore is a recently renovated community center located on Sunrise Hwy. (Rte. 27) and situated within the regional trade area with a powerful destination mix.
Gross Cost: $2.0 M
Completion Date: 4Q 2013The Market at Bay Shore is located at the intersection of Sunrise Highway & Brentwood Road in a densely developed area on a primary retail corridor. Kimco recently implemented a redevelopment of the asset when a vacant Office Depot provided the opportunity to lease the space to Aldi Markets with a significant increase in net operating income to the site. In addition to the Aldi deal, the center was modernized, which should provide for long term upside in the existing rental rates with increased tenant activity upon roll.
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by Block Group
Popstats, 4Q 2018 rev., Trade Area Systems
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