Jallo Plaza
6442 Land O' Lakes Boulevard | Land O' Lakes, Florida 34638
Contact Brokers
Evan Cannan
Investment Advisor
Evan.Cannan@MarcusMillichap.com
(C) (727) 480-1362
(O) (813) 387-4765
FL #SL3433461
James Medefind
Senior Vice President Investments
James.Medefind@MarcusMillichap.com
(O) 813-387-4788
FL #SL3216834
Highlights
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40,500 Vehicles Per Day on US 41 – The Main North/South Business Artery
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Newer Construction & Exceptionally Maintained Property
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3% Annual Rent Increases on 4 of the 6 Leases
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Definitive Loan Terms at 3.78% Interest Rate Providing 3.08% Spread at List Price
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Exceptional Affluence of Over $118K Within 1 Mile
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Residential Development Boom - With over 965 new construction floor plans in Land O Lakes, this area is primed to become the newest area of migration for affordable and luxurious living. A few of the newly built neighborhoods include – The Bexley by Newland, Lakeshore Ranch, Ballantrae, Caliente, and Oakstead.
Description
Marcus & Millichap is pleased to present Jallo Plaza, a rare opportunity for an investor to purchase a shopping center in the submarket of Land O Lakes, FL. The center has Triple Net lease structures with all tenants reimbursing the landlord for Taxes, Insurance, and Common Area expenses which will provide an investment with a very consistent, low risk cash flow for years to come. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location. With over 965 new construction floor plans in Land O Lakes and the center being positioned on a highly trafficked retail corridor seeing over 40,000 cars per day, this area is ready to become the newest area of migration for affordable and luxurious living.