- Priced substantially below replacement costs. 84.6% of the rent roll has below market rental rates from (Hobby Lobby at $2.59 PSF and Marshall’s at $8.50 PSF).
- New 10 year lease terms from all tenants. 100% of the rent roll expires 8/31/2030 or later.
- Best in class tenancy and retail synergy. Marshall’s (TJX Credit), Hobby Lobby, Five Below and Skechers are all leading retailers that are the most active in their retailing segment.
- Excellent credit profile from 100% of the tenants. All tenants have substantial balance sheets that have weathered and excelled during the pandemic.
- Like New Construction — The center was completely redeveloped down to the steel frame in 2020. Very limited ongoing Capex reserves during the initial ten (10) year hold period.
- Exceptional debt available from bank, credit union and conduit lenders. Please contact broker for updated debt quotes.