Value-Add NNN Retail | $120K Stabilized NOI
Partially Leased NNN Retail | NOI Growth Opportunity
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Value-add NNN retail investment with approximately $63,000 in current NOI and stabilized NOI potential approaching $120,000. The 6,350 square foot property is configured into three retail suites and offers immediate income, additional ancillary revenue, and clear lease-up upside for investors.
One suite is currently leased to an established convenience store tenant, providing stable base rent under a NNN structure. The property also generates additional income through a food truck parking agreement that produces $1,000 per month in rent, adding supplemental cash flow while the remaining suites are leased.
Two suites remain available for lease. One of these spaces has been fully renovated by the current owner in preparation for a dispensary concept and is move-in ready for a variety of retail or service uses. The second available suite is functional and usable in its current condition, while also offering an opportunity for cosmetic improvements to maximize rental potential.
With approximately 3,350 square feet available for lease, investors have the opportunity to significantly increase the property’s net operating income. At market rents of approximately $17 per square foot NNN, the property has the potential to achieve approximately $120,000 in stabilized NOI once fully leased.
This offering presents investors the opportunity to acquire a partially leased retail asset with immediate income, additional ancillary revenue, and strong upside through lease-up of the remaining suites.
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