Property Highlights
- Rare, trophy shopping center in the Miami Metropolitan Area
- Excellent collections and leasing activity during Covid-19
- Four new leases have been executed since March 2020
- Jupiter is an affluent market with very high barriers to entry and a lack of available land for commercial development
- Strategically located at the signalized intersection of Indiantown Rd. & Pennock Lane with a combined ADT of 61,400 cars/day
- Diverse, E-commerce resistant tenant mix
- 60% of the shopping center is leased to national tenants including Aspen Dental, Vitamin Shoppe and T-Mobile
- Value-added opportunity through leasing of remaining vacancy
- Majority of leases have aggressive annual rent increases
- Extensive recent capital improvements including new roof (rear building, 2015)
- Florida is a tax-free state