14th Ave Plaza
Retail | 8.5% CAP | 19,000 SqFt | 100% Occupied
Marketing description
100% occupied. Long-established retail buildings located at 14th Ave Plaza are now available for sale! This property makes up two-thirds of the plaza and offers approx. 19,000 SF spread over two parcels with 14 tenant suites. It provides excellent visibility with strong signage opportunities, a large parking lot, and a shared parking easement. Currently offered at a 8.5% CAP rate, the property benefits from historically low vacancy and the potential for rental increases at lease renewals, presenting a compelling upside with a 9.5% proforma CAP rate. With the added potential to acquire the entire plaza, this property is a strong investment opportunity with large upside potential, making this center a valuable addition to any portfolio. Call today to get more information on this property.
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