Description

This property presents a compelling value-add investment opportunity with substantial upside potential through both rental growth and operational improvements. Current in-place rents average approximately $14.49 per square foot gross, providing investors with the opportunity to increase revenue through strategic lease-up and repositioning efforts. Additional value may be unlocked by demising the existing end cap space, Suite 1, into multiple inline suites to improve tenant diversity and achieve higher blended rental rates. Existing tenants operate under modified gross leases with limited reimbursement structures, creating an opportunity to transition the property to full triple-net (NNN) leases and enhance net operating income while improving long-term cash flow stability. The asset also benefits from significant recent capital improvements completed in 2019, including a new façade, roof replacement, upgraded storefront systems, modernized entry features, fresh exterior paint, and resurfaced and restriped parking areas. Positioned along Deans Bridge Road with exposure to approximately 23,800 vehicles per day and located less than one mile from I-520, which carries an additional 78,300 vehicles daily, the property offers exceptional visibility and accessibility. Situated on approximately 0.58 acres across two parcels, the site also provides future flexibility for pad development, retail expansion, or redevelopment opportunities. The property is strategically located within a well-established retail corridor surrounded by major national retailers including Walmart Supercenter, Dollar Tree, Circle K, AutoZone, Family Dollar, Popeyes, and Pizza Hut, reinforcing the location’s strong consumer traffic and retail synergy.