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.
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Explanation of Estimated Rents