Rare Value Add Investment Opportunity $8,900,000 at a 5 CAP with Potential to go to 10.5 to 14 CAP
Retail Shopping Center
|
|
Investment Highlights
- 40% Occupancy
- Expandable Footprint
- Prominent Signage Opportunities
- Abundant On-Site Parking
- Current NOI of $435,300 (2017) reflects almost a 5% CAP with 60% vacancy
- Current Base Rent income is $45,980/month with 63,150 SF available.
|
|
|
|
|
PROPERTY HIGHLIGHTS:
*Redevelopment and Value Add Opportunity
*Over 5,000 new homes have broken ground in the immediate area along with other new developments
*Adjacent to Walmart
*Strong demographics and traffic
*Pylon signage
*Property Size: 102,750 RSF
Flyer Available at:
http://www.tricommercial.com/main/properties?propertyId=178297-sale
|
|
|
|
|
|
|
|