Asking Price Contact for pricing
Area Size
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.

Key facts

Year Built 1989
Building Area Net
Land Area Net ()
Occupancy 100.0 %

Property description

JLL Capital Markets, as exclusive broker, is pleased to offer the excellent opportunity to acquire Wekiva Riverwalk, a 235,390 square foot, market dominant community center anchored by a brand new Sprouts, Marshalls, Bed Bath & Beyond, Ross Dress for Less, Regal Cinemas, Petco, Ulta and Five Below that is located in Apopka, Florida, a fast-growing and affluent northern suburb of the Orlando MSA.

Investment highlights

  • Grocery-anchored with Sprouts Farmers Market on new 15-year lease
  • Sprouts, Ulta and Five Below added over past 12 months
  • Ross Dress for Less, Marshalls, Regal Cinemas, Petco and Bed Bath & Beyond are all successful & seasoned anchors with history of renewal
  • Outstanding shop tenant retention as 13 of 19 tenants have all renewed at least once
  • Over 84% of GLA and 81% of Revenue coming from national tenants
  • Investment flexibility as the separately parceled Regions Bank ground lease and The Learning Experience are included
  • Located in the booming Orlando MSA – 3rd fastest growing MSA in the US
  • Affluent, high-income suburb with nearly 74,000 residents boasting average household incomes of more than $92,000 within 3 miles
  • #1 preferred 20-lane retail intersection along SR-436 on the west side of Interstate 4, with 82,000 cars per day
  • Extremely favorable price relative to replacement cost


Last Updated Date: 26 Jan 2022

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Last Updated Date: 26 Jan 2022

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