Shoppes of Victoria Square

Avison Young is pleased to exclusively offer for sale the Shoppes of Victoria Square (“the Property”), a 98% leased, ±108,975 SF retail center located along Merritt Island’s primary commercial corridor. The Property recently underwent a major $8M capital improvements program and features a strong mix of national tenants including Burlington, Ulta, and Five Below, each secured under new long-term leases.

Situated on ±13.58 acres with signalized access and outstanding visibility to over 30,000 vehicles per day, the Property benefits from excellent access, ample surface parking, and more than 400 feet of frontage along Courtenay Parkway. Nearly all leases are structured as triple-net, offering stable cash flow with minimal landlord obligations.

Two undeveloped outparcels offer investors a clear path to near-term value creation, while upcoming lease maturities present opportunities to mark rents to market. With its strong tenant lineup, significant recent capital improvements, and embedded upside, Shoppes of Victoria Square is a high-performing retail asset in a rapidly growing Florida submarket.