Retail Shopping Center
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Retail Shopping Centers
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Retail Shopping Center Property # 1051
Retail Shopping Center Tenants:
National & Regional Tenant Shopping Center
Capitalization Rate (CAP): 9.01%
Asking Price: $19,500,000
Net Operating Income (NOI): $1,756,000
State Located: FL
Anchor Lease Summary The lease terms remaining are (8+) to (19+) years. The base rent range is $5.50 to $8.25. Options range from 2-5 years ca. to 10-5 year ca. All leases have percentage rent and no escalations.
Size of Building: Inquire sq. ft.
Size of Lot: Inquire acres
Financing Obligations: $11,200,000 Maturity date 12/97. Amortization 20 yr (10 yr balloon), qualified assumption 1% Assumption Fee, Interest Rate Fixed - 8.75%.
Additional Comments: Net Leasable area is 263,361 sq ft, of which Anchor Space is 59.2% (155,979 sq ft), Credit & Regional Space is 23.2% (61,126 sq ft), and Local Tenant Space is 17.6% (46,256 sq ft). Current Occupancy is 98.6% (259761 sq ft), Current Vacancy is only 1.4% (3,600 sq ft). Average Base Rent is for Credit/Regional: $10.47 (High $13.50 - Low $7.97), and for Local $12.77 (High $17.01 - Low $9.75). Popolation 80,000 (5 mile ring), Average Household $ - $38,568. Strong renewal, expansion and occupancy history
Request for Package & Non-Exclusive Agreement: Buyers currently under agreement in our files, simply request more information. Buyers interested
in the above Retail Shopping Center and not yet under previous agreement, please request our agreement.
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Information contained herein has been obtained from sources that are deemed reliable. We have no reason to doubt the accuracy, however we do not guaranty it.
This Retail Shopping Center is offered subject to prior placement, withdrawal, cancellation, or other conditions without prior notice.