Heritage Lake Plaza
Retail | 27,000 SqFt
Marketing description
Brand new retail plaza, consisting of two main buildings, and two out-parcels. Each main building consists of five units, with the end units slated for drive through restaurants, and the four remaining units retail with flexable sizes. Archtecturial plans have been approved, the preliminary site plan close to final approval by the County. Sale of the site will include all permits issued, and be shovel ready. Estimated time to complete all permitting for property less than 45 days.
Investment highlights
Excellent investment opportunity with projected gross rental income close to $4.9M when fully leased. Lease offers are currently being advertised, eight units are projected at $20/SF, plus CAM, two restaurant units are projected at $30/SF, plus CAM and the out-parcels (2) are projected at $40/SF, plus CAM. Lease terms, three years with a two year option on the eight units, five years with a five year option on the two restaurants, and ten years with a ten year option on the two out-parcels.
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