Main Road Retail Strip | Below-Market Rents | Value-Add
Neighborhood Retail Center | Rent Upside | Strong Traffic Location
Marketing description
This neighborhood strip center offers a strong value-add opportunity with in-place rents below current market levels.
The property consists of approximately 5,023 SF on a 20,323 SF lot and is located along a main roadway with heavy daily traffic and excellent visibility, making it well-suited for long-term retail demand.
Recent capital improvements include a new roof completed in 2019 and a recently resurfaced parking lot, minimizing near-term capital expenses for a new owner.
With solid physical condition, strong frontage, and clear upside through rent growth and tenant repositioning, this strip center represents an attractive value-add retail investment in a highly trafficked corridor.
Investment highlights
Neighborhood strip center with clear value-add upside
5,023 SF rentable building area on a 20,323 SF lot
Below-market in-place rents provide immediate mark-to-market potential
Excellent owner-user opportunity with the ability to occupy a portion of the property while maintaining rental income
Located on a main roadway with strong traffic counts and high visibility
Roof replaced in 2019
Parking lot recently resurfaced
6500 Commercial – Classified zoning
Well-maintained physical condition with limited near-term capital needs
Strong long-term demand for neighborhood retail in the surrounding trade area
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