University Plaza - Winter Park

4000 N Goldenrod Rd, Winter Park, FL 32792

Description JLL CAPITAL MARKETS , as exclusive broker, is pleased to offer the exceptional opportunity to acquire University Plaza, a 77,918 square foot in-fill shopping center anchored by a strong-performing Publix Supermarket located at a bustling intersection in Winter Park (Orlando), Florida, one of the most desirable and affluent communities in Florida. University Plaza is located in Orlandos epicenter of student activity as it is less than 5 miles west of the second largest college in the United States University of Central Florida (72,000 students), less than 1 mile east of Full Sail University (21,000 SF) and 3.5 miles east of Rollins College (3,100 students). Highlights Located in Winter Park within the booming Orlando MSA 3rd fastest growing MSA in the US Grocery-anchored by market-leading Publix Supermarkets with strong historical sales growth of over 30% since 2013, 2.4% health ratio, and over 9 years of term remaining Publix Supermarkets, with an implied credit rating of A+ (Creditntell), accounts for 58.5% of the GLA and 47.6% of the total revenue at the property Dense and affluent, high-income resident base Over 97,100 residents within 3 miles boasting average incomes of nearly $86,000 Epicenter of student activity Aptly named University Boulevard (39,000 VPD) connects directly to University of Central Florida (UCF 2nd largest University in US with 72,000 students) and Full Sail University (Leading media entertainment college less than 1 mile from property with 21,000 students) 41% of surrounding 3-mile population have bachelors or graduate degree Ideal frontage at dominant 15-lane signalized intersection of University Boulevard (39,000 VPD) and Goldenrod Road (27,500 VPD) Nearly 90% of leased GLA comprised of internet-proof tenancy, promoting in-person visits (grocery, food, hair, nails, cleaners, shipping) 7 of the 11 current shop tenants have renewed at least once, with four tenants renewing in the last year at an average 6% base rent increase Pandemic proof outdoor seating and patio serving Brooklyn Water Bagels (one of the top stores in the chain) and Las Carretas (annualized sales exceeding % rent breakpoint) Opportunity to take advantage of recent leasing momentum (7,300 SF of new tenants) and enhance returns by leasing the remaining 5,176 SF of available space

Contact

Broker or Owner Contact
Whitaker Leonhardt
,
Phone:
ED Contact
Robert Collins
Orlando Utilities Commission
100 W Anderson St
Orlando, FL 32801
Phone: (407) 423-9100
rcollins@ouc.com

Building

Property ID 169
Building Size 77918
Site Size (acres)
Zoning
Year Built 1984
Number of Drive-In Doors
Number of Dock-In Doors
Clearance Height
Drive-in Doors no
Sprinklered no
Parking Ratio 0
Updated
Number of Parking Spaces
Parking no
HVAC

Pricing

For Sale yes
Sale Price 0
For Lease no
Lease Type
Lease Cost 0

Geographic and Infrastructure

Latitude 28.5985338
Longitude -81.2888731
County Orange County
Rail Access no

Utilities

Service to Property no
Electric Provider
Gas On Site no
Gas Provider
Water On Site no
Water Provider
Fiber Optics no
Telecom on Site no
Sewer On Site no
Sewer provider