RJP Plaza

Highlights:

• Strong Real Estate Fundamentals - RJP Plaza is strategically positioned on the secondary corner of a high-density trade area, which sees traffic counts of ±88,000 vehicles per day (W Northern Ave & 51st Ave), providing a great consumer base, strong visibility, and easy access to both cross streets.
• Dense and Growing Population Base - The plaza is located within a thriving community, supported by a dense residential base. More than 518,254 residents live within a ±5-mile radius, providing a strong, built-in customer base and ongoing demand drivers for tenants. This dense population concentration reinforces long-term stability and retail relevance. Additionally, the population is expected to grow 8.13% over the next 5-years.
• Below Market Rents - Grifols currently pays below-market rental rates, presenting a clear opportunity for future rent growth and income upside for new ownership.
• Tenant Commitment - Both Tenants have been at the location over a decade and have executed several options. The tenant’s business models capitalizes on the local demographic. This leaves room for long term appreciation as well as tenant security as they plan to continue servicing the community. In addition, medical use tenants are relatively sticky so long term occupancy is expected. Lastly, this brings an opportunity to the new owner to raise rents as they are below market; capturing an increased NOI.
• Low Price Per Square Foot - At $179.43 per square foot, RJP Plaza is priced well below replacement cost, offering an investor immediate value relative to construction costs for comparable properties.
• Stabilized Yet Affordable Asset – As one of the only stabilized assets available under $200/SF, RJP Plaza represents a rare opportunity to acquire a secure, income-producing property at a highly attractive basis.
• Recent Improvements - The property has undergone a new roof coat (October 2025) and a parking lot restripe (2023).

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