four anchored retail investment opportunities … · 2019. 3. 29. · four anchored retail...

SRS REAL ESTATE PARTNERS3445 Peachtree Rd NE, Suite 950 | Atlanta, GA 30326 | 404.231.2232This information contained herein was obtained from sources deemed to be reliable; however SRS Real Estate Partners makes no guarantees, warranties or representations as to the completeness or accuracy thereof. SRSRE.COM/IPG

Anchor TenantsPROPERTY TYPEFour Retail Assets

TOTAL GLA467,358± SF

LAND AREA54.72± AC

AVERAGE OCCUPANCY91.95%

DEBTSee OMs for Details

PORTFOLIO PRICEMarket to Establish

COMBINED JUN 2019 (AS-IS) ACTUAL NOI$2,509,129

LOCATIONSNew Smyrna Beach, FLNorth Augusta, SCDothan, AL Danville, VA

Overview

ContactKYLE STONIS, CCIM | Managing Principal, IPG 678.420.1393 | kyle.stonis@srsre.comAL License No. 000090497-0 FL License No. SL3210522 SC License No. 73438

PIERCE MAYSON | Principal, IPG404.231.4696 | pierce.mayson@srsre.com

DAVID H. WIRTHVA License No. 225298340

Property LinkSRSRE.COM/SERetailPortfolio

EXCLUSIVELY PRESENTED BY SRS INVESTMENT PROPERTIES GROUP

FOUR ANCHORED RETAIL INVESTMENT OPPORTUNITIES

Southeast Retail PortfolioFlorida, South Carolina, Virginia, Alabama

This information contained herein was obtained from sources deemed to be reliable; however SRS Real Estate Partners makes no guarantees, warranties or representations as to the completeness or accuracy thereof. SRSRE.COM/IPG

SRS REAL ESTATE PARTNERS3445 Peachtree Rd NE, Suite 950 | Atlanta, GA 30326 | 404.231.2232

FOUR ANCHORED RETAIL INVESTMENT OPPORTUNITIES

Southeast Retail PortfolioFlorida, South Carolina, Virginia, Alabama

LOCATIONAERIAL

Investment HighlightsSOLID, NATIONAL CREDIT ANCHOR MIXAssets are characterized by a quality mix of national anchors which comprise an average of 75% per Property GLA, with 82.9% overall national retailers across the Portfolio

VALUABLE NATIONAL OUTPARCELS INCLUDEDOffering includes several lucrative, national outparcels: Taco Bell, Sonic Drive-In, Ruby Tuesday and Virginia Bank & Trust along with multiple opportunities for additional outparcel development

STRONG OPPORTUNITY TO ADD VALUEThere is a multifaceted opportunity to grow the NOI across the Portfolio via the lease-up of 38,300± SF of existing space as well as the development or sale of multiple outparcel pads

MAJOR LEASING MOMENTUMExcellent leasing momentum within the Portfolio includes two (2) 10-year leases with Planet Fitness (one executed, one pending) – bolstering anchor bases with internet-resistant retailers which create a significant daily consumer draw

STNL HOME DEPOT ASSET INCLUDED Portfolio includes a valuable single-tenant-net-leased asset, ground leased to The Home Depot – the largest home improvement retailer in the U.S. with investment grade credit