Listed by Lloyd Companies
$3,450,000
Greenway Mall Investment
Details
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 24,394
Occupancy 82.1%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 8.96%
Price per SqFt $141
Class B
Year Built 1985
Buildings 1
Stories 1
Acreage 1.470
Investment Type Value Add
Ground Lease No
Value-Add Investment with Lease-Up Potential | 41st & Louise
Marketing description
Greenway Mall provides an investment opportunity near the intersection of 41st Street & Louise Avenue. The offering includes two vacant suites, available now, opening up potential for an owner-occupant investor to establish a presence while benefiting from existing income. Current tenants include Firehouse Subs, The Cell Phone Guy, Metro by T-Mobile, Chasing Clouds Vape, a beauty supply store, and DXL Big & Tall. Greenway Mall is positioned within a low-vacancy retail corridor surrounded by national anchors such as Target, Barnes and Noble, and Chick-fil-A.
Investment highlights
- West 41st Street retail investment opportunity
- 8.96% proforma cap rate based on the $3,450,000 asking price
- Tenants: Firehouse Subs, The Cell Phone Guy, Metro by T-Mobile, Chasing Clouds Vape, a beauty supply store, and DXL Big & Tall
- Two vacant suites provide potential to draw a range of tenants, or an owner-occupant opportunity
- 60 shared surface stalls
- Pylon and building signage available
- Overall site size: 1.47 Acres +/-
- Daytime population of 17,697 and over 15,625 businesses with a 1-mile radius, making this a strategic and well-positioned asset
- Neighboring tenants Walgreens, Chili's, Olive Garden, Target, FedEx, TJ Maxx, Starbucks, and so much more
- Adjacent to O'Gorman High School (1,637 students; 2024-2025)
- Contact Broker for a copy of the NDA
Listing Contacts
Listed by Lloyd Companies
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