Haines City, FL - Citrus Crossing

Description:

• The subject property is a 100% occupied, 6 tenant asset
• Each of the six tenants lease structure feature i) 3% annual rental increases or ii) 10% rental increases every 5-years
• Additionally, each tenant lease features atleast 1, 5-year option period remaining

• The subject property strategically fronts US Highway 27 which experiences 57,500 VPD on average
• US Hwy 27 is the primary thoroughfare serving the Haines City with national/credit tenants such as Wendy’s, AutoZone, Taco Bell, Dollar Tree, Burger King, and more
• A new subdivision and Publix-anchored shopping center is under construction which will add 2,816 single-family homes and 438 townhomes to the area
• Currently, there are 10 subdivisions under development. City leaders said affordable homes and location makes Haines City an ideal location for new residents
• The immediate trade area is supported by several big box retailers such as Walmart Supercenter, Winn-Dixie, ALDI, Dollar General Market, and more