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|Land Area Net||
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.
- 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