four anchored retail investment opportunities · pdf file 2019. 3. 29. · four...

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  • SRS REAL ESTATE PARTNERS 3445 Peachtree Rd NE, Suite 950 | Atlanta, GA 30326 | 404.231.2232 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

    Anchor Tenants PROPERTY TYPE Four Retail Assets

    TOTAL GLA 467,358± SF

    LAND AREA 54.72± AC

    AVERAGE OCCUPANCY 91.95%

    DEBT See OMs for Details

    PORTFOLIO PRICE Market to Establish

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

    LOCATIONS New Smyrna Beach, FL North Augusta, SC Dothan, AL Danville, VA

    Overview

    Contact KYLE STONIS, CCIM | Managing Principal, IPG 678.420.1393 | [email protected] AL License No. 000090497-0 FL License No. SL3210522 SC License No. 73438

    PIERCE MAYSON | Principal, IPG 404.231.4696 | [email protected]

    DAVID H. WIRTH VA License No. 225298340

    Property Link SRSRE.COM/SERetailPortfolio

    EXCLUSIVELY PRESENTED BY SRS INVESTMENT PROPERTIES GROUP

    FOUR ANCHORED RETAIL INVESTMENT OPPORTUNITIES

    Southeast Retail Portfolio Florida, South Carolina, Virginia, Alabama

    https://srsre.com/SERetailPortfolio

  • 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 PARTNERS 3445 Peachtree Rd NE, Suite 950 | Atlanta, GA 30326 | 404.231.2232

    FOUR ANCHORED RETAIL INVESTMENT OPPORTUNITIES

    Southeast Retail Portfolio Florida, South Carolina, Virginia, Alabama

    LOCATION AERIAL

    Investment Highlights SOLID, NATIONAL CREDIT ANCHOR MIX Assets 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 INCLUDED Offering 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 VALUE There 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 MOMENTUM Excellent 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

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