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Documents

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Key facts

Year Built 2018
Building Area Gross
Land Area Gross ()

Property description

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.

Investment highlights

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.

Last Updated Date: 16 May 2022

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Last Updated Date: 16 May 2022

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