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JLL is pleased to exclusively offer the opportunity to acquire Magnolia Square (“the Property”), a mixed-use project totaling 71,640 square feet, 35,540 square feet of retail and 36,100 square feet of office, situated at the heavily trafficked intersection of Pine Ridge Road and Goodlette Frank Road (±80,000 combined vpd) in the highly affluent and rapidly growing Naples, FL market. Completed in 2007-2008, Magnolia Square is currently 91.6% leased to a leading roster of national and regional tenants, including Raymond James, Brown & Brown Insurance, Starbucks, The Bowl, Valley Bank, Naples Trust Company and Rosedale Brick Oven Pizza among others. The Property is immediately adjacent to Magnolia Square Apartments, a new luxury +300 unit development that was completed in 2021.
The Retail and Office Components of Magnolia Square can be purchased individually or as a portfolio.
- Highly coveted Naples market, one of the most affluent and highest job growth markets in the U.S.
- Irreplaceable, high traffic intersection along Pine Ridge Road, Naples’ primary east-west thoroughfare with nearly 80,000 VPD at this intersection.
- Ideal retail tenant roster with heavy food and beverage, wellness, and service uses.
- Outstanding surrounding demand drivers with 2.8 million square feet of industrial, +97,000 daytime employees, 4 hospitals, and 4,200 hotel rooms within close proximity to Magnolia Square.
- Exceptional demographics with 50,083 residents with an average household income of $134,122 within a 3-mile radius.