Overview

Description

• Strong food, service, and health-based tenant lineup of FirstHealth, Jersey Mike’s, Mattress Warehouse, and Sport Clips
• All tenants operate under leases which are NNN in nature, limiting expense leakage for a future investor
• The current tenant lineup features a weighted average lease term of 5.7 years
• All tenants have rental increases every 5 years throughout the initial term and at the beginning of each option, growing NOI and hedging against inflation

• The strip center is strategically located along Horner Boulevard with clear visibility and access to an average of 26,500 vehicles passing by daily
• The property benefits from direct access onto State Highway 87 (28,000 VPD) and US Highway 421 (13,500 VPD), making it a centralized location
• The subject is adjacent to the Shops at Cameron Place (159K+ SF), Southside Plaza (214K+ SF), and Shoppes at Sanford (291K+ SF)
• The surrounding tenants include Lowe’s, ALDI, Walmart Supercenter, Marshalls, Big Lots!, Save-a-Lot, Piggly Wiggly, Harbor Freight, and others
• The strong tenant presence drives a loyal, local customer base to the area and promotes crossover store exposure

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