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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.
- 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