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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Interested in this property? Call us at 317-844-0700 or email us.