Descripción del portafolio
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer for sale the Southeast Retail Net Lease Portfolio, which is a unique opportunity to acquire a 14-asset collection of net lease properties (13 single-tenant, 1 two-tenant) including bank branches, in addition to a fitness center, pharmacy, urgent care facility, and quick service restaurant. Comprising over 105,966 square feet that are located in fundamentally strong retail markets, the Portfolio contains $5.13 million of net operating income with ±6.6 years of weighted average remaining net lease term.
The Portfolio is geographically diverse across 6 states and 7 major metropolitans. Over 83% of the total square footage is concentrated in major Southeast and Southwest metropolitans including Miami, Tampa, Orlando, Atlanta, and Houston. Another 17% of the Portfolio is situated in large Midwest and Mid-Atlantic markets such as Chicago and Washington D.C.
This opportunity allows investors the ability to acquire a diversified net lease portfolio of scale that are situated in some of the largest and high-growth metropolitans across the U.S. Further, the Portfolio’s staggered lease expirations with 6.6 years of weighted average remaining lease term and minimal landlord expense responsibilities create a unique opportunity to control a portfolio of mid-term net lease assets with a combination of strong yield, credit, and intrinsic real estate on a national basis.
Atributos
Medios
Aspectos destacados de la inversión
- 14 assets with 100% occupancy (13 single-tenant, 1 two-tenant), including bank branches, fitness center, pharmacy, urgent care, and quick service restaurant.
- 92% of the Portfolio is secured by corporate leases and 58% represents investment grade tenancy.
- Absolute NNN and NN leases with very limited landlord expense responsibilities.
- 6.6 years of WALT with a balanced lease expiration schedule.
- National portfolio with 105,966 SF diversified across 6 states and 7 major metropolitans.
- Over 83% of the Portfolio is concentrated in high-growth Sunbelt markets including Miami, Tampa, Orlando, Atlanta, and Houston.
- An additional 17% of the Portfolio is situated in large Midwest and Mid-Atlantic markets such as Chicago and Washington D.C.