SouthSide Plaza

Investment Highlights

  • Food Lion Grocery Anchored Center
  • Long Term Anchor Lease
  • Strong Food Lion Sales
  • Investment Grade Credit
  • Moody’s Credit Rating: Baa1
  • Priced Below Replacement Cost ($76/sf)
  • Below Market Rents ($7.82/sf)
  • 4 Out-Lot Pads Included
  • Newly Sealed & Striped Parking Lot
  • Durable Brick Construction
  • Only 2 Other Grocery Stores in Market
  • Adjacent to Dense Residential Neighborhood

Offering Summary

  • Price: $8,175,000
  • CAP Rate: 7.28%
  • Occupancy: 100%
  • Cost Per Square Foot: $171.79
  • GLA: 45,989 Square Feet
  • Site Area: 5.99 Acres

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