Map pin1400 Apalachee Parkway, Tallahassee, FL, 32301, US

Gulf Wind Shopping Center

Gulf Wind Shopping Center_Property for Sale

Attributes

Building area net
122,298 sf
Occupancy
90%
Year built
1966
Year renovated
1999
Land area net
10 acres
Tenure
Leasehold

Asset description

JLL is pleased to announce the opportunity to acquire the leasehold interest of Gulf Wind Shopping Center, a high-performing retail center located along S.R. 27 (~35,000 VPD) in the Tallahassee MSA. The well-curated tenancy is supported by 3 of Florida's flagship Universities, Florida State University, Florida Agriculture and Mechanical University, and Tallahassee Community College, all of which are located within a 2 mile radius of the property. The 90% occupied asset features the only Best Buy located in the Tallahassee MSA, alongside other high performing retailers including World Market, Office Depot, Chicken Salad Chick, and Chipotle.


The Center benefits from immediate proximity to 3 of Florida's flagship university's, The State Capitol, and 30 state agency headquarters. Florida State University hosts almost 85,000 students and faculty as one of the most respected research institutions in the nation alongside it's athletic program creating $10 Billion annual local economic impact. Approximately 25,000 students attend Florida Agriculture and Mechanical University & Tallahassee Community College.


Gulf Wind is located within the #1 retail node of the Tallahassee MSA, and brings 1.2 Million shoppers to the center every year. The Supreme Court of Florida, 30 state agency headquarters, and the State Capital are major demand drivers in the area, employing 4,500 government employees all within 1.5 miles of Gulf Wind Shopping Center.


Please reach out to the deal team for more information.

...

Investment highlights

  • Thriving Florida State Capital with Numerous Economic Drivers
  • Immediately Proximate to Florida State University with Over 85,000 Students & Faculty
  • Centrally Located in Dominant Tallahassee Retail Corridor
  • Immediate Value Creation Opportunity via Lease Up of 12,000+ SF
  • Significant Weighted Average Tenure of Nearly 23 Years & Highly Sustainable In-Place Rents
  • Significant Discount to Replacement Cost
  • #1 Retail Node in Tallahassee MSA
  • Recently Sealed and Striped Parking Lot (Nov-24)
Gulf Wind Shopping Center 4_Property for Sale
Gulf Wind Shopping Center 4_Property for Sale
Gulf Wind Shopping Center (0 Properties)

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Last updated
Jan 9, 2025