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

Tenant Burlington Coat Factory
Tenant Save-A-Lot Food Stores Limited
Tenant Books-A-Million, Incorporated
Tenant Lumber Liquidators Holdings, Inc.
Tenant Ross Stores, Incorporated
Building Area

Property Description

JLL Capital Markets, as exclusive broker, is pleased to offer the exceptional opportunity to acquire Gainesville Plaza, a 165,705 square foot center anchored by Burlington, Ross Dress for Less, 2nd & Charles, Save-A-Lot, and Five Below, located in Gainesville, Florida.

Investment Highlights

Healthy and Emerging Gainesville, FL MSA

Resident population of 337,000 expected to grow by another 5.2% over the next 5 years


Proximity to University of Florida

Located 1.7 miles from UF and emerging technology hub, 5th largest University in the US with 57,000 students, 5,000 faculty, and ranked #6 Top Public University


Ideal Anchor Tenant Ratio with Necessity Grocer

Category-leading national anchors make up 82% of the GLA and 76% of the Revenue


Leasing Momentum and Upside

Recent long-term renewals and new leasing allow an investor to hold the line on renewals, push rents, and improve tenant mix


Outparcel Included and Ideal Cross-Traffic

Leases signed for new to-be-built outparcel included in sale combined with new unowned Wendy’s will drive customer traffic


Attractive Price PSF Metrics and Free and Clear of Existing Debt

Well-below replacement cost pricing and opportunity to take advantage of today’s historically low interest rates

Last Updated Date: 03 Mar 2021
Whitaker Leonhardt
Whitaker Leonhardt
Senior Director, Capital Markets
License details
FL-SL3221137
Brad Peterson
Brad Peterson
Senior Managing Director, Orlando Office Head
License details
FL-BK3162030 AL-000088844-0 GA-256948 NC-323216

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Last Updated Date: 03 Mar 2021

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