17860 Southeast 109th Avenue, Summerfield, FL

Spruce Creek Shoppes

Asset Description

Jones Lang Lasalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire Spruce Creek Shoppes, a 100% leased 42,220 square foot strip center situated on ±6.82-acres of land along the highly-trafficked US Highway 27 (38,000 VPD) in Summerfield (The Villages), Marion County, Florida.

Spruce Creek Shoppes is strategically located adjacent to the The Villages submarket, a 33,000-acre community home to +145,000 residents. The Villages is the #1 selling master-planned community in the U.S. and the nation’s fastest growing metro, with 4.7% population growth from July 2022-July 2023

Spruce Creek Shoppes represents the opportunity to acquire a well located unanchored retail asset with a tenured and established tenant base and upside potential via mark-to-market of below market in-place rents at pricing below replacement cost in one of the nation’s fastest growing metros – The Villages, Florida.

Note: Spruce Creek Professional Center is being offered separately, but simultaneously by the same seller and can be purchased either individually or as a portfolio with Spruce Creek Shoppes.

...