SOLD – Sebring Square

Marketing Description

• Located in Florida, an income tax free state and one of the highest growth states in the country over the past 10 years
• South Central Florida location convenient to Orlando, Tampa, Ft Myers, Palm Beach, and other South Florida cities
• Winn Dixie health ratio of under 2%
• New 10-year lease with Humana and Grace & Heart in 2020
• Neighborhood center with long track record of operating history
• 43,063 ADT at the intersection of Sebring Pkwy and US Hwy 27
• Over 85% of the state’s population is within 150 mile radius
• Sebring boast a significant population of retirees creating opportunities for retailers to capture a loyal and repeat customer base

Investment Highlights

•  Winn Dixie anchored shopping center in bustling Florida market
• Only grocery anchored shopping center in the market with small shops on site (Walmart and Publix are standalone stores)
• Great access and visibility
• Winn Dixie recently added ten years of term to their lease and incorporated their WD Liquors concept, adding stability to their historical 35-year tenancy
• Strong anchor sales and extremely low health ratios give long term viability to tenants
• Over 30% of GLA with 10 years of term and 50% of GLA with 5 years or more remaining
• Majority of roofs under warranty