SOLD – Lakeshore Crossing

PROPERTY HIGHLIGHTS:

• NOI: $689,000
• 123,948sf
• 23 years operating history at this location
• 93% of gross rents come from Lowe’s
• Lowe’s is responsible for contracting and billing for CAM
• Shadow Center of Wal-Mart Supercenter with strong sales history
• New roof installed in 2011 with 15 year warranty
• Only Lowe’s location in the Gainesville Market
• Annual NOI growth starting in year 1
• Below market rental rate for Lowe’s and small shops
• Neighborhood Lakeshore Mall recently brought in Dick’s Sporting Good and is scheduled for redevelopment