Causeway Shopping Center

Causeway Shopping Center is perfectly located at the primary entrance of Indian Harbour Beach, at a signalized intersection with over 58,000 cars per day. With this ideal position and tenant mix, the Property captures frequent customers from as far as 5.2 miles to the north and 7 miles south within the barrier island. The recent opening of Michaels in Q4 2023 will further enhance customer visits at the center. Additionally, there are only two other anchored properties on Eau Gallie Boulevard and future retail development is unlikely.TSCG, acting as exclusive agent for the Owner, is proud to offer for sale a 100% interest in Causeway Shopping Center in Melbourne, Florida (the “Property”). This exceptionally well-located center is situated at the signalized intersection of Eau Gallie Boulevard and Riverside Drive, immediately east of the Indian River, and serves a very wide and captive trade area. Causeway Shopping Center is anchored by Ross Dress for Less, a recently opened Michaels (replaced an Office Depot), and a Bealls. The offering also includes an outparcel ground-leased to Panera Bread. The Property was built in 1966, renovated in 2008, is currently 85% leased and is being offered free of any existing financing.