Listed by SRS Real Estate Partners - Global Company, SRS Real Estate Partners Newport Beach
$3,713,000
Men's Wearehouse & Two Greeks Grill
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 8,698
Cap Rate 6.5%
NOI $241,356
Occupancy 100%
Tenancy Multi
Lease Type NNN
Year Built 2006
Zoning C-3 General Commercial
Investment Type Net Lease
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Retail | 6.50% CAP | 8,698 SqFt
Marketing description
• Men’s Wearhouse has over 635 locations nationwide and has operated at this location since 2007, demonstrating their commitment to the site
• Two Greeks Grill, a new mediterranean restaurant concept, recently signed a new, 5-year lease with plans to open for business in the spring of 2026
Investment highlights
- National Tenant | Long Operating History | New, 5-Year Lease
- NNN Leases | Fee Simple Ownership | Minimal Landlord Responsibilities
- Part of the Legacy Shopping Center | High Traffic Area | Northwoods Shopping Center
- Strong Demographics In 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners - Global Company, SRS Real Estate Partners Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$241,356.00
$20,113.00/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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