JLL Capital Markets, as exclusive broker, is pleased to offer the unique opportunity to acquire The Green at Lakewood Ranch, a 113,573 square foot, trophy shopping center anchored by Winn-Dixie and LA Fitness and located in the epicenter of booming Lakewood Ranch (Sarasota MSA), Florida - the #2 fastest growing master-planned community in the United States.
Located in the epicenter of Lakewood Ranch, a +/-33,000-acre award winning master-planned community (MPC) in the Sarasota MSA, a top-5 selling MPCs in the nation in each of the last 6 years and boasting 2,600 new homes sales in 2021 at an average price of $610,000.
Highly-educated, affluent and growing resident base with nearly 42,000 residents (AHHI = $142,000) in a 3-mile radius which is expected to grow by 9.3% over the next 5 years, greatly outpacing metro, state and national metrics.
Adjacent to CORE at Lakewood Ranch, the 305-acre life sciences research campus set to include over 3 million square feet of research buildings and labs, office and educational facilities.
Anchored by Winn-Dixie and LA Fitness on new long-term leases, resulting in an impressive anchor WALT exceeding 16 years.
Located at dominant 23-lane intersection of State Road 70 and Lakewood Ranch Blvd, with combined traffic counts of 68,000 VPD, and direct connection to Interstate 75 (131,500 VPD) less than 2 miles west.
Separately parceled multi-tenant outparcel occupied by Starbucks, Chipotle and Verizon is included in the sale.
10-year NOI CAGR of 2.4% with 92% of the GLA and 90% of the revenue derived from contractual terms.
Class-A architecture and building design newly constructed in 2018.