Coralwood Center

Coralwood Center

2301 Del Prado Blvd S, Cape Coral, FL, USA

Cushman & Wakefield’s Retail Investment Advisors is pleased to offer for sale Coralwood Center, a dominant 349,205 sf multi-anchored community shopping center located in Cape Coral, Lee County, Florida. Situated at Lee County’s busiest intersection, the center, which represents Cape Coral’s most significant concentration of retail space, serves an expansive trade area encompassing the entire community. Originally developed in 1977, the center recently underwent a partial redevelopment through the re-tenanting of a former Sears/K-Mart box, enhancing the anchor line-up with best-in-class tenants. The center is 85% leased and features a diverse anchor lineup led by Aldi (scheduled to open by October 2019), Bealls Department Store, BeallsOutlet, HomeGoods, LA Fitness, JCPenney, Marquee Cinemas, and UltaBeauty. The Property includes a multi-tenant outparcel with direct frontage on Del Prado Boulevard that is occupied by Chipotle, Starbucks, and T-Mobile. This offering represents the unique opportunity to acquire Cape Coral’s dominant community shopping center offering significant upside potential through the lease-up of 50,756 sf of vacancy (15% of GLA).

Property Summary

Site Area35.67
Year Built1977/2016
GLA (SF)349,205
AnchorJC Penney, LA Fitness, Aldi, Marquee Cinemas, Bealls, Bealls Outlet, HomeGoods, Ulta
Occupancy85%

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