Investment Criteria
- Grocery-anchored retail centers, plus strip centers within the Northeast Florida area (see website for current list).
- Average household income to be in the upper half of its market.
- Excellent visibility.
- Good ingress/egress with median cuts, preferably located on a signalized corner.
- Minimum of 5,000 square feet. No maximum size requirement.
- Redevelopment and/or tenanting opportunities are considered in well-located areas.
- Will consider locations that have short-term remaining on grocer leases.
Yield Criteria
Tenant’s credit, remaining term, existing debt and other factors contribute greatly in determining yield.
Submissions should include the following:- Physical description and photographs
- Brief market description
- Aerials
- In-place financing information
- Tenant sales history
- Site plan or survey
- Detail accounting of expenses and recoveries
- Demographic report
- Current rent roll
- Last two years operating income statement