$2,620,000
Danville Plaza
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 42,984
Net Rentable (SqFt) 42,984
Units 10
Cap Rate 9%
NOI $235,760
Occupancy 100%
Tenancy Multi
Price per SqFt $61
Year Built 1982
Buildings 1
Stories 1
Acreage 2.830
Investment Type Stabilized
Ownership Fee Simple
Retail | 9.00% CAP | 42,984 SqFt
Investment highlights
• Two Property Grocery-Anchored Offering – Free Standing Save-A Lot (40.7% of Ttl GLA), Family Dollar Anchored Strip Center
• 100% Occupied Across 42,984 SF – Avg In-Place Annual Rent of $6.38/SF vs $11/SF (Market)
• Priced Below Replacement Cost at $61/SF - Properties span 2.8 Acres Plus
• Favorable Expense Structure - Tenants Reimburse 58% of Operating Expenses
• If Self-Managed, Additional $12,700 to NOI – Adds .50 bps to Asking CAP (9.5%)
• 90% of Tenants in Place for 10+ Years; 60% of Tenants in Place for 30+ Years
• Family Dollar Rent to Sales Ratio of 2.85% Compared To National Average 6.5%
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Loan Amount
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Annual Debt Service
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$--
Annual Cash Flow
$235,760.00
$19,646.67/mo
Valuation Metrics
0
DSCR
9%
Cap Rate
9%
ROI
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