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.

I accept the confidentiality agreement

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

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.

Attributes

Year Built 1990
Building Area

Property Description

Jones Lang LaSalle Americas, Inc. (JLL) is pleased to exclusively offer an opportunity to acquire Daniels Crossing, a 112,003 square-foot Publix-anchored, neighborhood shopping center located in a growing Southwest Florida market, Fort Myers, Florida. Daniels Crossing is anchored by a high-volume Publix with immediately attainable value creation through lease-up of nearly 30,000 square feet of available space, market-to-market opportunities and contractual rent increases.


The property is situated at the southwest corner of Daniels Parkway and Six Mile Cypress Parkway offering vibrant demand drivers including +90,000 vehicles traversing the intersection daily, 18 nearby office buildings, and nearly 2,000 hotel rooms which drive significant daytime traffic. The Fort Myers retail submarket consistently outperforms the broader market with occupancy exceeding 95% and Publix anchored centers in Southwest Florida averaging 96.5% occupancy.

This offering represents a rare opportunity to acquire a high-volume Publix-anchored neighborhood shopping center on a prime corner location with immediately actionable value-add creation with proven existing tenancy and quality second generation spaces to be leased.

Investment Highlights

  • 71% leased, high volume Publix-anchored shopping center in high growth Florida market
  • Projected NOI growth of +90% and +7% CAGR – ‘The Unicorn’ in grocery-anchored investment opportunities
  • Expected PSF pricing +40% below replacement cost and +60% below recent comparable sales
  • Unencumbered by a Publix ROFR/ROFO and existing debt
  • Publix-anchored centers occupancy exceeds 95% in the market 


Last Updated Date: 21 Oct 2020
Danny Finkle
Danny Finkle
Senior Managing Director, Miami Office Co-Head, Retail Group Leader
License details
FL-SL3043501
Luis Castillo
Luis Castillo
Managing Director, Capital markets
License details
SL3203377

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.

Last Updated Date: 21 Oct 2020

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.