
Jacksonville, FL A 47,000 s/f Harvey’s Supermarket situated on 5.64 acres has been sold in an off-market transaction.
Michael Cleeman represented the purchaser.
The property is subject to a long-term absolute net lease, with no landlord obligations, which was a key driver of buyer interest. As part of Winn-Dixie’s strategic focus on the Florida market and its decision to phase out the Harveys brand, the store is scheduled to be rebranded and converted to a Winn-Dixie location in 2026.
The buyer was attracted to the combination of a necessity-based grocery tenant, long-term lease security, and the forthcoming conversion to the Winn-Dixie banner, which further strengthens the asset’s long-term stability and operating performance.
“This transaction reflects continued investor demand for grocery-anchored real estate with durable tenancy and minimal management responsibilities,” said Cleeman. “The long-term, no-landlord-obligations lease and the planned Winn-Dixie conversion made this a particularly compelling acquisition.”
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,