Raymond Road Shopping Center

Investment Highlights

  • Grocery Anchored Retail Center
  • Strong Vowells Cash Saver Grocery Sales
  • Sales Exceeded Percentage Rent Breakpoints
  • Minimal near Term Lease Rollover
  • No Deferred Maintenance
  • New Parking lot and Roof (2019)
  • Priced Below Replacement Cost
  • Low Cost Per Square Foot ($57.47/sf)
  • Includes Potential Outlot Pad
  • Vowells Spent Over $2 Million on Capital Improvements
  • Limited Grocery Competition in Area
  • Dense Residential Neighborhood
  • Located on Main Retail Corridor
  • Hard Corner Location
  • Strong Traffic Counts: 16,000 Cars/Day
  • 93,000+ People Within 5 Miles

Offering Summary

  • Price: $2,970,000
  • CAP Rate: 10%
  • Occupancy: 98%
  • GLA: 62,645 Square Feet
  • Site Area: 6.4 Acres
 

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