Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1999
Building Area
Land Area ()

Property Description

JLL Capital Markets, as exclusive broker, is pleased to offer the excellent opportunity to acquire Lake Mary Pointe, a 51,052 square foot retail center grocery-anchored by a tenured, strong-performing Publix located in the Lake Mary submarket of Orlando. 

Investment Highlights

  • Orlando: Fastest Growing MSA in Florida
  • Affluent & Captive Lake Mary Customer Base - +$126,000 Average Household Incomes
  • Immediately Adjacent to Major Traffic Drivers - Seminole State College (13,000 Students) & Seminole County Government Offices (1,300 Employees)
  • Essential Publix Grocery Anchor - #1 Market Share in Florida
  • Tenured, Very Strong Performing Publix with Low Occupancy Cost, No Purchase Rights and Ideal Store Spacing
  • High Quality Investment Grade Income Stream as Publix Accounts for 74% of the GLA and 57% of the Revenue
  • New Recent Upgrades to the Property Including Publix Store Renovation in Summer 2021 and Recent Capital Improvements to the Roof, Painting, Parking Lot and Landscaping
  • Strong Leasing Momentum with 6,900 SF of New Leases Signed Since the Start of 2021
  • Below Replacement Cost Pricing


Last Updated Date: 19 Aug 2021
Brad Peterson
Brad Peterson
Senior Managing Director, Orlando Office Co- Head
License details
FL-BK3162030 AL-000088844-0 GA-256948 NC-323216
Whitaker Leonhardt
Whitaker Leonhardt
Senior Director, Capital Markets
License details
FL-SL3221137

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Last Updated Date: 19 Aug 2021

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