Listed by CP Partners
$8,910,000
Capital Mall
Details
Property Type Retail
Sub Type Shopping Center, Regional Mall
Square Footage 268,017
Net Rentable (SqFt) 268,017
Cap Rate 12%
NOI $1,069,175
Occupancy 92.62%
Tenancy Multi
Brand/Tenant Dillard's, JCPenney
Price per SqFt $33
Acreage 41.870
Retail | 12.00% CAP | 268,017 SqFt
Marketing description
Capital Mall is a 92% occupied regional mall with major national anchors including JCPenney, Dillard’s, Ross, and Ollie’s, who is signing a brand-new 10-year lease at the site. The property is subject to 3.5 million annual visitors, making it one of the most visited shopping centers nationwide.
Investment highlights
- Among the top 9% most visited shopping centers in the U.S. over the past 12 months – 3.5 million annual visitors (per Placer.ai)
- 92% occupancy rate with major national anchors including JCPenney, Dillard’s, Ross, and Ollie’s
- 105,000+ SF of leases signed since 2020 (26.28% of total GLA) demonstrating substantial leasing interest over the last 5 years
- Potential to spin off Starbuck’s, Hardee’s, Pizza Hut, Wendy’s outparcels and reduce basis
- Development upside –13.83 AC of excess buildable land included in sale
- Extremely low price per square foot – $33.24
- Affluent residential trade area – $99,000 average household incomes within a 1-mile radius of the subject property
Listing Contacts
Listed by CP Partners
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$1,069,175.00
$89,097.92/mo
Valuation Metrics
0
DSCR
12%
Cap Rate
12%
ROI
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