Lucky's Market - Tallahassee, FL
US - Tallahassee, FL
TRY 321,337,000 | 5,079 m²
Asset Description
Jones Lang LaSalle, Inc., a South Carolina licensed real estate broker (“JLL”), has been retained as the exclusive sales representative for Prince Creek Village, an 18,035 SF essential retail shopping center shadow-anchored by Publix. The 100% occupied Property is located in Murrells Inlet, SC a popular tourist destination situated along the highly trafficked Highway 707 (22,500 VPD).
With 4 years of WALT at 100% leased, the Center provides reliable cash flow with proven tenant loyalty as over 40% of the total income has recently renewed for approximately 5 years. The Property also benefits from its shadow anchor, Publix, the #1 most visited Grocer in the Southeast in 2020.
Prince Creek Village is situated in the #1 Fastest Growing City in the Southeast with a significant population growth of 30% since the 2010 US Census. In addition to the rapid population growth, the Myrtle Beach MSA continues to thrive with over 20 million annual visitors flocking to its beaches and attractions.
Danny Finkle: Limited Nonresident Commercial Real Estate Broker/Salesperson'
...
Attributes
Building area Gross
1,676 m²
Occupancy
1.00%
Year built
2017
Land area Gross
1.28 ha (12,829 m²)
NOI
TRY 13,451,000
Media
Investment Highlights
- PUBLIX SHADOW ANCHORED
- DIVERSE INCOME STREAM & TENANT MIX
- STEADY CASH FLOW WITH SIGNIFICANT TENANT LOYALTY
- DOMINANT COASTAL MARKET
- NEW DEVELOPMENT DRIVES DEMAND
- ANNUAL CONTRACT RENT INCREASES & MARK-TO-MARKET RENTAL OPPORTUNITY
Contact brokers
Prince Creek Village (0 Properties)
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Last updated
1 Dec 2022
