10CAP-SHOPPINGCENTER

10% Cap Rate on Shopping Center ($3.5M) NOW & 15% at 100% Occupancy!

10% Capitalization Rate on Actual 73% Occupancy, 15.13% Proforma Capitalization Rate 100% National/Regional Tenants: 100% of the occupied square footage is leased to national and regional credit tenants including Bealls, Burke’ s Outlet, Dollar General, I’ d GO Wireless/Verizon Wireless, Subway, US Forest Services, and White Sands Federal Credit Union. Priced Below Replacement Cost: At $47 per square foot, Shopping Center is priced below today’ s replacement cost. Upside Potential: With no other shop space competition this Shopping Center will continue to be the retail destination for both national tenants as well as local businesses. Dominant Regional Shopping Center: Shopping Center is uniquely positioned. Additionally, it is located adjacent to the stand-alone Walmart Supercenter, which draws traffic from the region as it is the only national grocer and the surrounding region.

NEED ADDRESS? SIGN commission protection agreement

For Sale

Price$ 3,535,000
Price/SF $46.75
Cap Rate 10.00%
NOI $353,500
Sale Type Investment
StatusActive

Building

Type3 Star Retail (Neighborhood Center)
 
GLA 75,616 SF
Stories 1
Typical Floor 75,616 SF
Building Ht
Ceiling Ht
Docks
Construction Masonry
Year Built 1984
Year Renov 2005
Tenancy Multi
Owner Occup No
Elevators
Building Depth
Sprinklers

Explanation of Estimated Rents

Property Mix

 

Parking 350 Surface Spaces are available; Ratio of 4.63/1,000 SF

Taxes $0.08/SF (2016)
Opex $0.90/SF (2014-Est)
Total Expenses
Walk Score®Car-Dependent (33)
Transit Score®Minimal Transit (0)

Land

Land Acres 7.90 AC
Bldg FAR 0.22
Corner Lot
Land SF 344,124 SF
Dimensions
 
 

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