Shoppes At Park Place Photo Gallery

The primary trade area for Shoppes at Park Place encompasses a diverse population in Pinellas Park and surrounding suburbs. Within 1 mile, there are 13,375 residents with an average household income of $55,226 and a median age of 46.3 years, including a significant retiree segment due to Florida's appeal. Expanding to 3 miles, the population grows to 117,620 with incomes rising to $60,456, attracting middle-income families and working professionals. The 5-mile radius includes over 280,000 people earning $65,123 on average, bolstered by daytime population influx of 48,344 within 3 miles from nearby employment hubs. This profile supports retailers targeting value-oriented shopping, home goods, and entertainment, but risks lower discretionary spending compared to higher-income coastal areas. Data from commercial real estate reports indicate steady growth in the 35-54 age cohort, driving demand for family-focused tenants.

Located at the signalized intersection of US Highway 19 and Park Boulevard, Shoppes at Park Place enjoys excellent regional connectivity in the Tampa Bay area. US 19, a major north-south corridor, carries 67,500 vehicles daily, while Park Boulevard adds 65,000, generating substantial pass-by exposure. The site offers ample surface parking for over 2,000 vehicles and is within 15 minutes of Interstate 275, facilitating access from Tampa (10 miles south) and Clearwater (8 miles west). Public transit via Pinellas Suncoast Transit Authority serves the area, though driving dominates. Footfall benefits from anchor draw, with estimates of 10,000-15,000 visitors weekly based on similar centers, supported by entertainment options like Regal Cinemas. Drawbacks include occasional congestion on US 19 during peak hours and limited pedestrian-friendly urban amenities, potentially impacting impulse traffic. Market reports highlight strong traffic counts as a key strength for lease negotiations.

The tenant mix at Shoppes at Park Place emphasizes big-box anchors and value retailers, with Target, Academy Sports + Outdoors, and Regal Cinemas occupying over 50% of GLA, complemented by category killers like Michaels and Marshalls. Inline tenants include food options (e.g., Panera Bread, Five Guys) and services (e.g., nail salons, fitness), achieving high occupancy near 95% post-2022 sale. This configuration appeals to convenience shoppers but exposes risks from anchor dependency and overlap in discount apparel/sports categories. Competition is notable from nearby properties like Gateway Crossing (Walmart-anchored) and larger venues such as Tyrone Square Mall (3 miles away, with Macy's and JCPenney). Regional saturation in off-price retail could pressure sales, with average mall sales per square foot around $300-400 annually per ICSC benchmarks. Leasing terms offer build-out allowances for qualified tenants, but co-tenancy clauses may trigger rent abatements if anchors vacate, underscoring the need for due diligence on market positioning.