Enter the "Deal room" for exclusive documents related to this property.
JLL Capital Markets, as exclusive broker, is pleased to offer the exceptional opportunity to acquire Gainesville Plaza, a 165,705 square foot center anchored by Burlington, Ross Dress for Less, 2nd & Charles, Save-A-Lot, and Five Below, located in Gainesville, Florida.
Healthy and Emerging Gainesville, FL MSA
Resident population of 337,000 expected to grow by another 5.2% over the next 5 years
Proximity to University of Florida
Located 1.7 miles from UF and emerging technology hub, 5th largest University in the US with 57,000 students, 5,000 faculty, and ranked #6 Top Public University
Ideal Anchor Tenant Ratio with Necessity Grocer
Category-leading national anchors make up 82% of the GLA and 76% of the Revenue
Leasing Momentum and Upside
Recent long-term renewals and new leasing allow an investor to hold the line on renewals, push rents, and improve tenant mix
Outparcel Included and Ideal Cross-Traffic
Leases signed for new to-be-built outparcel included in sale combined with new unowned Wendy’s will drive customer traffic
Attractive Price PSF Metrics and Free and Clear of Existing Debt
Well-below replacement cost pricing and opportunity to take advantage of today’s historically low interest rates