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

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
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. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. 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.
I accept the confidentiality agreement I accept the confidentiality agreement
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 2006
Building Area
Land Area ()

Property Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer an opportunity to acquire St. John’s Town Center North (the “Property”), a 113,139 square foot Publix-anchored shopping center with three outparcels located adjacent to one of Florida’s leading mixed-use destinations, St. John’s Town Center. Anchored by a high-volume Publix and the #1 Total Wine store in FL (#9 nationally), in terms of traffic volume, St. John’s Town Center North is currently 100% leased to a carefully curated line-up of national and regional retailers, restaurants, and service providers. Situated in the heart of the St. John’s Town Center trade area, the Property offers 1,200 feet of frontage along Town Center Parkway North with 44,000 vehicles passing each day. The immediate surrounding area has seen explosive growth with over 6,880 residential units added since 2013, 7.7M square feet of office space, and 4.8M square feet of best in class retail with over 50 unique to market retailers including Ikea, REI, Top Golf, Nordstrom, Tesla, and iFly to name a few.


This offering represents an exceptional opportunity to acquire a dominant grocery-anchored shopping center with secure and growing cash flows, tenured tenancy that performed well through the pandemic, and value enhancement potential via the sale of the three outparcels.

Investment Highlights

  • Publix Anchored Shopping Center - Strong performing Publix grocery store with sales above average and growing
  • #1 Total Wine in Florida and #9 in the US per Placer.ai - Recently executed a long term lease renewal
  • Immediately Adjacent to St. John's Town Center - #1 shopping destination between Orlando and Atlanta wit 9.9M visits in 2020
  • Secure Income Stream - 72.2% of the Property's income is derived from Publix, Total Wine, and other national retailers
  • Growing Cash Flow - Projected NOI growth of 18.6% and CAGR of 1.7% over 10 years
  • Value Enhancement Opportunity - Potential to sell all three outparcels to reduce basis and capitalize on the strong single-tenant net lease market
Last Updated Date: 30 Mar 2021
Danny Finkle
Danny Finkle
Senior Managing Director, Miami Office Co-Head, Retail Group Leader
License details
FL-SL3043501
Eric Williams
Eric Williams
Senior Director, Capital Markets
License details
FL-SL3179736

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

+13129406848
Last Updated Date: 30 Mar 2021

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.