1300 Posner BlvdFour Corners, FL 33837

Property Details for 1300 Posner Blvd

Year built

2008

Lot size

55.00 AC

Property size (Sq ft)

460,193 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

Posner Commons, located at 1300 Posner Blvd, Davenport, FL 33837, presents a compelling investment opportunity. This 460,193 square foot, multi-tenant shopping center boasts a 95.5% occupancy rate and is situated on a 55-acre lot zoned RAC (Regional Activity Center). Built in 2008, the property features a strong lineup of national anchor and junior anchor tenants including Dollar Tree, Best Buy, PetSmart, Staples, Dick's Sporting Goods, Michaels, JCPenney, Cinepolis, Ross Dress for Less, Ashley Furniture, and Books-A-Million. Benefiting from its prime location seven miles from Disney World, at the intersection of I-4 and US Highway 27, the center enjoys high traffic volume exceeding 200,000 cars daily and significant tourist traffic from Orlando's 74 million annual visitors. The property's strategic position is further enhanced by its proximity to a rapidly growing residential area with nearly 37,000 residential units planned or under construction within a seven-mile radius. The property also benefits from the adjacency of a Target with a grocery store and BJ's Wholesale Club, which opened in February 2023. Significant upside potential exists through lease-up of approximately 20,000 square feet of available space and mark-to-market opportunities with several tenants. The weighted average lease duration exceeds 13 years, with 88% of the gross leasable area and 86% of revenue derived from national and regional tenants. A separately parceled, three-tenant strip building at the main entrance is included in the sale. This fee-simple ownership offers a rare chance to acquire a dominant retail asset at below replacement cost.

Location Insight

City

Four Corners

County

Polk

State

Florida

Latitude

28.2266

Longitude

-81.6452

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].