Documents
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Attributes
Year Built | 1994 |
Building Area Gross |
|
Occupancy | 98.0 % |
Asset Description
JLL Capital Markets, as exclusive broker, is pleased to offer the exceptional opportunity to acquire Chickasaw Trail, a 75,492 square foot retail center grocery-anchored by a long-term Presidente Supermarket located southeast of booming Downtown Orlando.
Investment Highlights
- Grocery Anchored by one of the Largest Hispanic-Owned Supermarkets in the U.S. on a New 20-Year Lease
- Orlando MSA – Florida’s 3rd Largest and Fastest Growing MSA with 2.7 Million Residents
- In-Fill, High-Density Location Less Than 5 Miles Southeast of Downtown Orlando with More Than 111,000 Residents in a 3-Mile Radius
- More Than 50% of Shop Tenants have Renewal History and 7 Shop Tenants have Renewed at Least 2 Times
- With the recent opening of Presidente Supermarket, a new owner has the tremendous upside opportunity to lease 1,200 SF of available space, enhance the merchandising mix, and hold the line on renewals since 9 of 15 shops have no remaining renewal options
- Excellent Visibility and Access on a Dominant 16-Lane Intersection Featuring a 42,000 Combined Traffic Count
- Superior Connectivity to the Orlando MSA Through SR-417, I-4, and the Orlando International Airport
- Highly Sought-After Internet-Resistant Tenancy and Diverse Merchandising Mix
- Significantly Below Replacement Cost Pricing
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