103-115 N State Road 19
Palatka, FL 32177

Holliday Fenoglio Fowler, L.P. ("HFF") is pleased to exclusively offer an opportunity to acquire Putnam Centre (the "Property"), a 94,776 square foot community shopping center located in Palatka, Florida which sits on the southern border of the Jacksonville MSA. Anchored by Big Lots, Tractor Supply, Bailey’s Gym and Goodwill, Putnam Center is currently 92.1% occupied and features a 0.7-acre undeveloped outparcel. Situated on a 7.4-acre site, the Property offers excellent visibility along the areas primary thoroughfares and is proximate to the key demand drivers including Putnam County Medical Center and St. John’s River State College. Putnam Center 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..