HFF is pleased to exclusively offer an opportunity to acquire Putnam County Centre, a 94,776 square foot value add shopping center located in Palatka, Florida which sits on the southern border of the Jacksonville MSA. It is currently 92.1% occupied by Big Lots, Tractor Supply Company, Bailey's Gym and Goodwill. Putnam County Centre presents an opportunity to acquire a seasoned community center well below replacement cost and with the potential to grow NOI 50% through outparcel development, mark-to-market of existing leases, lease-up of remaining space and contractual rent growth. https://www.ten-x.com/commercial/listing/103-115-n-state-rd-19-palatka-fl-32177/1000009227
Anchored by Big Lots, Tractor Supply Company, Bailey’s Gym and Goodwill, Putnam Center is currently 92.1% occupied and features a 0.7-acre undeveloped outparcel.
Putnam County Centre is located along the southern border of the Jacksonville MSA in Palatka, FL. The Property has fantastic access to, and visibility from, State Road 19, Palatka's primary north/south artery. It is proximate to the key demand drivers including Putnam County Medical Center and St. John’s River State College.
If you are interested in obtaining more information from HFF, please execute the confidentiality agreement below. HFF will review the signed agreement and contact you as soon as possible.