Multi-Tenant Shopping Center. Built in 2016, this 7,671 SF retail
property is 100% leased to 4 tenants with an in-place NOI of $222,471.
1.21 acres (52,708 SF)
Dunkin’ Donuts, Five Guys, Jersey Mike’s Subs, MetroPCS
The property is located at the signalized hard corner of Southwest Real Terrace and West U.S. Highway 90, with excellent access and visibility to 42,000 vehicles per day. U.S. Highway 90 is Lake City’s primary retail corridor and connects Lake City to large metropolitan areas, including Jacksonville and Tallahassee. Access to Interstate 75, Florida’s main north-south freeway, is half a mile from the site. Interstate 75 is a popular route for tourists and commercial traffic and experiences a high traffic volume. Located in Lake City’s high-traffic, leading retail area, the property is surrounded by major national tenants, including Walmart Supercenter, Lowe’s, Home Depot, and Regal Cinemas. Lake City Mall is within walking distance of the site. Anchored by Belk, JCPenney, Michaels, and T.J.Maxx, Lake City Mall has a strong base of national retailers, including Bath & Body Works, Hibbett Sporting Goods, Payless Shoes, and Kay Jewelers. The mall is the only enclosed mall in its primary trade area and serves as the prime shopping destination for residents of Columbia, Suwannee, Union, Baker, and Hamilton Counties.
Multi-tenant retail center
100% leased with strong brand tenants and absolute NNN leases
Features a Dunkin’ Donuts drive-thru and two outdoor seating areas- one for Dunkin’ Donuts and one for Five Guys Burgers & Fries
Scheduled rental increases in initial terms and option periods • Hard corner, high traffic location with 42,000 AADT
U.S. Highway 90 is Florida’s major east-west route through major population centers, including Jacksonville and Tallahassee
55 parking spaces, including three (3) handicap spaces
Strong retail corridor with national tenants including Wal-Mart Supercenter, Panera Bread, Wendy’s, TD Bank, and Verizon, among others.