Description

Jones Lang LaSalle, Inc. (“JLL”) is pleased to exclusively offer the High Growth Essential Retail Portfolio (the “Portfolio” or the “Offering”), a Portfolio of seven unanchored neighborhood retail centers across six metropolitan markets in five states.

At 90% occupancy, the Portfolio spans 201,624 square feet across 77 tenants with a weighted average tenure of 10.5 years. The Offering delivers durable in-place cash flow from a tenant base built almost entirely of essential service retail including food and beverage, medical, personal care, and fitness. Average suite size is 2,356 square feet and no single tenant occupies more than 5.4% of Portfolio GLA.

The Portfolio is offered in its entirety, as sub-portfolios, or on an individual asset basis. Each center has been underwritten to stand alone. Prospective purchasers are invited to bid on any combination of assets.

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Attributes

Building area net

18,731 sm

Occupancy

88.8%

Number of Properties

Units

WAULT

4 years

The Growth & Necessity Portfolio (7 Properties)

Media

Investment highlights

Opportunity to acquire seven retail strip centers in high-income growth markets across 5 states (AZ, GA, NC, TX, UT)
NOI projected to grow 36.6% (8.1% CAGR) over the first 5 years through lease-up and marking expiring rents 21% to market
Geographic and tenant diversification providing a resilient and well-balanced portfolio with 62% National Tenants
No concentrated exposure to a singular market or tenant
Centers are located in dense, affluent markets with an average 90,728 population and $152,996 average household income