Pinewood Plaza

Investment Highlights

  • Kroger Anchored Center With Outstanding Sales
  • Kroger Sales: $673/sf (Increasing Annually)
  • 76% National Tenants
  • Below Market Rents
  • Priced Below Replacement Cost
  • Upside of Potential Through Leasing 15% Economic Vacancy & Increasing rents
  • Located in Dense Residential Neighborhood
  • High Barriers to Entry
  • Adjacent to Highway 35 Exit
  • Strong Traffic Counts: 26,400 cars/day on Smithville Rd.

Offering Summary

  • Price: $6,575,000
  • CAP: 7.49%
  • Occupancy: 91%
  • GLA: 88,700 Square Feet
  • Site Area: 9.014 Acres
  • Cost Per Square Foot: $74.12

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