Great visibility with a premier retail location across from the Century Theaters in the Meadows on the River shopping and dining destination.
Excellent opportunity for a retail/office user looking to expand and own their own building with additional rental income.
Proforma Cap Rate based on Current Income: 6.2%
Proforma Cap Rate based on Projected Income: 9.0% Value-Add! (See Page 2 of Marketing Brochure)
Tenants include Ruby Tuesday, Coldstone Creamery, Gimme-A-Break, Ambiance, Nails Studio, Tip-Top-Tux, Hydra Beer Company and Stride Rite
Over 20,500 cars per day at the intersection of Shirley Avenue and Louise Avenue
Rare retail opportunity with loading dock
Projected Income is based on a lease up of the vacant space at only $9.50 / Sf NNN!
Value Add: with the current occupancy of the building, a buyer has the opportunity to increase cash flow and value through lease up and/or occupying some of the vacant space (See Page 2 of Marketing Brochure)
Several signage opportunities on building and multiple monument signs