Strong Operating History
- Very strong rent collection during COVID-19.
- There are seven original tenants (Dollar Tree, Rent-A-Center, CATO, GNC [franchisee assumed lease from corp.], Sally Beauty, Supercuts and Check ‘N Go) that have been operating at West Wood since the late 1990s and early 2000s.
- These tenants represent over 23,000 SF of the shopping center, or just under 50% of the gross leasable square feet, and 54% of the gross income for the shopping center.
Ability to Add Value
- The center has three vacant units totaling 7,550 SF that a new owner can lease and add NOI. Two of the vacancies are adjacent to each other and can be combined creating a larger space.