Listed by SAB Capital, Bang Realty
$5,335,000
TJ Maxx Anchored Shopping Center | Adjacent to Walmart
Details
APN 9637-24-226-005
Property Type Retail
Square Footage 42,756
Units 9
Cap Rate 8%
NOI $426,558
Occupancy 100%
Tenancy Multi
Year Built 1999
Buildings 1
Stories 1
Acreage 9.000
Parking Spaces spaces
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Ownership Fee Simple
TJ Maxx Anchored Center | Adjacent to a Walmart Supercenter | 5.7-Years of WALT
Investment highlights
- Prime Location| Situated on the main retail corridor in Spencer, providing unique tenant appeal and longterm real estate value.
- High Credit Anchor Tenant | TJ Maxx committed to a long-term lease at the site, and has an S&P Credit Rating of “A” and over 1,300 locations nationwide.
- Only TJ Maxx within a 50-Mile Radius | TJ Maxx experiences over 295,000+ Annual Visitors, per Placer.ai.
- Minimal Landlord Responsibilities All tenants operate under NNN leases, limiting landlord exposure to expenses.
- Recent Capital Improvements | Parking lot was fully replaced in 2023, West Wing Roof replaced in 2025, East Wing Roof replaced in 2023, and TJ Maxx Roof partially replaced in 2025.
- Strong Tenancy Mix | 80% of the GLA is Occupied by National Tenants (TJ Maxx, Maurices, Cricket Wireless, Rent-A-Center).
- Value-Add Potential | Upside opportunity through leasing the remaining vacant unit while collecting rents on a master lease.
- Strong Remaining Lease Term | Over 5.7-Years of WALT with Multiple Options & Rental Increases.
- Recently Extended Leases | Four Tenants Recently Extended Their Leases, Demonstrating Their Commitment to the Site.
- Excellent Traffic & Visibility | 9,038+ vehicles per day with strong visibility and ease of access.
- Shadow Anchored By a Walmart Supercenter | Walmart experiences over 1.6M+ Annual Visitors, per Placer.ia, and is the only Walmart within a 20-mile radius.
- Positioned along Spencer’s Primary Retail Corridor | Walmart, Menards, Bomgaars, Hobby Lobby, Dunham’s Sports, Shoe Sensation, JC Penny, Jersey Mike’s, Taco Bell, McDonald’s, etc.
Listing Contacts
Listed by SAB Capital, Bang Realty
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$426,558.00
$35,546.50/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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