Listed by Riddle Associates, Inc.
$15,000,000
Wesleyan Commons
Details
Property Type Retail, Mixed Use
Sub Type Convenience Store, Shopping Center
Square Footage 64,059
Cap Rate 5.90%
NOI $887,696
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Year Built 2000
Acreage 0.550
Zoning B2
Investment Type Core
Tenant Credit Credit Rated
Retail | 5.90% CAP | 64,059 SqFt
Marketing description
The portfolio includes a Food Lion anchored neighborhood shopping center, a corporate 7-Eleven Net lease, and an infill commercial land parcel.
Investment highlights
- Established Investment Grade Tenants
- Excellent Tenant Diversity (8 Tenants)
- Food Lion is a leading regional grocery retailer with over 1,100 stores across the Southeastern and Mid-Atlantic U.S., known for fresh, affordable food and strong community presence.
- 7-Eleven is a global convenience store leader with roughly 85,000 locations in more than 20 countries and a dominant U.S. presence, offering quick, everyday essentials and services.
- Anchor tenants have long rental history
Listing Contacts
Listed by Riddle Associates, Inc.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$887,696.00
$73,974.67/mo
Valuation Metrics
0
DSCR
5.92%
Cap Rate
5.92%
ROI
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Property History
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