Winn-Dixie | Largo, FL

Colliers is pleased to present the opportunity to acquire 2460 East Bay Drive, a freestanding grocery property occupying approximately 3.62 acres at the signalized intersection of East Bay Drive and Keene Road in Largo, Florida.

The property currently generates approximately $207,230 in annual base rent, or only $5.12 per square foot based on the historical lease area. The current lease term is believed to extend through October 31, 2028, subject to confirmation of the applicable extension documentation, creating an identifiable future lease decision point while providing contractual income in the interim.

The investment thesis extends well beyond the current Winn-Dixie income. The property contains approximately 42,345 square feet of gross building area and occupies a prominent infill corner within Pinellas County, Florida’s most densely populated county. East Bay Drive carries approximately 57,000 vehicles per day and Keene Road approximately 32,000, with more than 256,000 residents and a daytime population exceeding 282,000 within five miles.

Offered at $5,300,000, the asking price reflects the property’s underlying real estate position, low contractual rent and long-term optionality rather than current income alone. The opportunity should appeal to developers, private capital, owner-users, family offices and investors capable of evaluating both the existing income and the longer-term value of controlling a large-format retail site in a highly developed Pinellas County market.

Available