Investment Highlights
Building / Site Summary
- 34,051 +/-Square Feet
- 11 Leased Units
- 100% Occupied
- Well Maintained Property -Built In 2000
- 92 Acre Parcel
- Multiple Points Of Ingress & Egress
Dollar Tree -Anchor
- Occupied Since 2010 (Extended Five Years In 2022)
- Expanded 2,500 Square Feet –Expected Finish Date June 2023
- Five –Five Year Options To Extend (Increases In Each)
- Corporate Guarantee –16,000+ Locations
Shoe Dept. Encore-Anchor
- Occupied Since 2000 (Extended Ten Years In 2022)
- Expanded 2,500 Sf –Expected Finish Date May 2023
- Three –Five Year Options To Extend (Increases In Each)
- Corporate Guarantee –1,100+ Locations
Shadow Anchored By High Performing Walmart
- 92nd Percentile Of All Walmarts Nationwide According To Placer.Ai Data
- Adjacent To Brookhaven Plaza With Multiple Points Of Ingress & Egress
Below Market Assumable Financing
- 26% LTV
- Roughly Three & ½ Years Remain (Maturity Date 9/6/2026)
- Non-Recourse CMBS Debt Walmart –Public Company -NYSE: WMT
Long Term Tenancy
- Long Term Tenancy With Multiple Extensions
- Over 78% Of GLA Has Occupied Since 2010
Lease Structures
- 48% Of GLA On Triple-Net Leases
- Landlord Responsible For Roof & Structure
Location
- Shadow Anchored by Walmart
- Surrounded By National and Regional Retailers
- Submarket Occupancy Of 99.9% -Retail
- Just East of Interstate 55
- Just West of Highway 51
Demographics
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- Over 16,900 Residents Within Five Miles
- Average Household Income Of $62,025 Within Five Miles
- Brookhaven Blvd Traffic Counts –25,300 (2022)
