Listed by Blvd Real Estate Investment Co, Matthews
$4,900,000
Brainerd Market Center
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 44,800
Units 12
Cap Rate 7.52%
NOI $368,289
Occupancy 80.36%
Tenancy Multi
Pro-Forma Cap Rate 11.09%
Pro-Forma NOI $543,556
Year Built 2004
Stories 1
Acreage 5.350
Zoning C2
Parking Spaces 275 spaces
Parking per 1,000 SqFt 6.14
Ground Lease No
Value-Add Opportunity | Walmart Supercenter Shadow
Investment highlights
- Value-Add Opportunity – At 80% occupancy, Brainerd Market Center offers a rare opportunity of strong “in-place” income with upside in leasing four spaces between 1,600 – 2,800 square feet, representing a potential increase in over $175K in additional NOI.
- Walmart Supercenter Shadow – Adjacent to a high performing Walmart Supercenter. Walmart owns its own store.
- National Tenant Roster – Brainerd Market Center is leased to national, regional, and local retailers such as Dollar Tree, Cato, It’s Fashion, and City Gear.
- Location and Growth – Brainerd Market Center is neighbored by the extensively renovated Eastgate Town Center, a mixed use city center with retail and office uses. The nearby Sofia’s Place is an award winning multifamily development, delivered in 2024 featuring 56 new townhomes with modern two and three bedroom units, creating additional foot traffic to Brainerd Market Center.
- Long Term Tenancy – With an average tenant tenure of 12.5 years and several in place since inception, Brainerd Market Center boasts a stable in-place occupancy with substantial upside in leasing.
Listing Contacts
Listed by Blvd Real Estate Investment Co, Matthews
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$368,289.00
$30,690.75/mo
Valuation Metrics
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DSCR
7.52%
Cap Rate
7.52%
ROI
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