Retail

Shoppes at Nona Place - Lake Nona, FL

13024 Narcoossee Rd Orlando, Florida United States 32832-6925
Asking Price Contact for pricing
NOI Net Operating Income
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income
Cap Rate N/A

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. 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 I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. 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 2019
Building Area

Property Description

JLL Capital Markets, as exclusive broker, is pleased to offer the excellent opportunity to acquire Shoppes at Nona Place, a 60,557 square foot retail center grocery-anchored by a long-term, strong-performing Hispanic grocer, Bravo Supermarkets, located in Orlando’s high growth, affluent Lake Nona Community. 

Investment Highlights

  • Located in the heart of Orlando’s Lake Nona – the 12th fastest growing community in the U.S. and nationally renowned medical and technology hub known as Lake Nona’s Medical City
  • Lake Nona’s Medical City, includes VA Hospital, Nemours Children’s Hospital, UCF Medical School and Medical Center, UF College of Pharmacy – 8,200+ Employees & Students
  • Lake Nona is home to the USTA national campus (100 tennis courts), KPMG global corporate training center, 850,000 SF Amazon fulfillment center, Johnson & Johnson Human Performance Institute, Valencia College’s Lake Nona campus and more!
  • Strong performing Hispanic grocery anchor Bravo Supermarkets (70+ units) with term thru 2035 which is already trending close to percentage rent breakpoint in 1st year
  • Grocery-anchored by the only Hispanic grocer in 9+ miles, surrounded by a robust and affluent Hispanic population of approximately 30,000 residents within a captive trade area
  • Spectacular 1/3/5 mile demographics – $110,000+ avg. incomes and 28%+ 5-year growth
  • Over 55% in trade area have bachelor’s or graduate degree
  • Proximate to expressway SR-417 (1.5 miles, 71,000 VPD) and Orlando Airport (3.5 miles)
  • Ideal functional site layout, where 58% of revenue is derived from outparcel tenancy fronting Narcoossee Road (39,500 VPD)
  • 10+ years of WALT with 96% of GLA and 94% of revenue from credit-worthy national and regional tenants 
  • Best-in-class and internet-resistant merchandising mix with orientation towards service (food, dental, hair, nails, waxing, fitness, financial) and daily needs (grocery, pet supplies)
  • New 2018-2019 construction, minimal capital requirements


Last Updated Date: 28 May 2021
Brad Peterson
Brad Peterson
Senior Managing Director, Orlando Office Head
License details
FL-BK3162030 AL-000088844-0 GA-256948 NC-323216
Whitaker Leonhardt
Whitaker Leonhardt
Senior Director, Capital Markets
License details
FL-SL3221137

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.

+6278033212203
Last Updated Date: 28 May 2021

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.