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Shopping Strip

Eastside Village

2630 US-92, Lakeland, FL 33801

Listing Price: $9,530,000

Cap Rate
7.36%
Gross SF
76,264
Rentable SF
76,264
Price/Gross SF
$124.96
Lot Size
6.78 acres
Year Built
1979

Investment Overview

Marcus & Millichap is pleased to present the sale of Eastside Village in Lakeland, Florida. This grocery anchored shopping center is anchored by Harveys / Winn-Dixie, who has successfully operated in the property 42 years. This is the dominant shopping center in the in the area, with the nearest competing center about three miles away. Eastside Village is a stable property and has been 100 percent occupied for the past seven years. Five of the seven tenants have previously exercised their lease renewal options. Lakeland, Florida lies between Tampa and Orlando; it is a strong market with over six million square feet of recent developments in the area. This is a great opportunity for yield-oriented investors looking to acquire a stable, grocery-anchored shopping center in Florida at below replacement cost along with cash-on-cash returns over nine percent.

Investment Highlights

  • Rare grocery anchored shopping center in Florida priced below $10 million and below replacement cost
  • Incredibly stable rent roll
  • Deliverable free and clear of debt – this grocery anchored opportunity yields over 9% cash on cash returns after placing new financing in today's debt markets

Exclusively Listed By

Financing By

Shopping Strip

Eastside Village

Listing Price: $9,530,000

Cap Rate
7.36%
Gross SF
76,264
Rentable SF
76,264
Price/Gross SF
$124.96
Lot Size
6.78 acres
Year Built
1979

Investment Highlights

  • Rare grocery anchored shopping center in Florida priced below $10 million and below replacement cost
  • Incredibly stable rent roll
  • Deliverable free and clear of debt – this grocery anchored opportunity yields over 9% cash on cash returns after placing new financing in today's debt markets

Investment Overview

Marcus & Millichap is pleased to present the sale of Eastside Village in Lakeland, Florida. This grocery anchored shopping center is anchored by Harveys / Winn-Dixie, who has successfully operated in the property 42 years. This is the dominant shopping center in the in the area, with the nearest competing center about three miles away. Eastside Village is a stable property and has been 100 percent occupied for the past seven years. Five of the seven tenants have previously exercised their lease renewal options. Lakeland, Florida lies between Tampa and Orlando; it is a strong market with over six million square feet of recent developments in the area. This is a great opportunity for yield-oriented investors looking to acquire a stable, grocery-anchored shopping center in Florida at below replacement cost along with cash-on-cash returns over nine percent.

Exclusively Listed By

Financing By

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