Listed by Red Bridge Commercial Real Estate, LLC
$1,700,000
CEDAR VILLAGE SHOPPING CENTER
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 33,490
Units 28
Occupancy 100%
Tenancy Multi
Lease Type Gross
Rent Bumps Yes
Pro-Forma Cap Rate 8.00%
Pro-Forma NOI $135,432
Price per SqFt $51
Year Built 1958
Year Renovated 2022, 2023,2024,2025
Acreage 2.100
Zoning C-2
Parking Spaces 76 spaces
Parking Per SqFt 2.27
Investment Type Stabilized
Ground Lease No
Sale Condition For sale by owner
Stabilized Investment Property | Diverse Tenant Base
Marketing description
Businesses often move to Cedar Village because it offers an established, community-rooted location without sacrificing proximity to major traffic corridors. With a healthy mix of dining, retail, professional services, and executive office space, Cedar Village consistently attracts new tenants who mutually benefit from the natural foot traffic of anchor businesses.
Investment highlights
- Over $300,000 investested in Capital Expenditures
- Multi-year leases with national and regional tenants
- Gross Rental Income has increased +/-37% since 2022
- Recently secured an insurance carrier that decreased premiums by 36%, freeing up cash flow
- LED Sign professionally managed by a local marketing company with potential income increases to $50,000 per year.
- Close proximity to major thoroughfares
- I-135 = +/-1.5 miles
- US Highway 50 = +/-0.8 miles
- Benefit from a growing corridor!
Listing Contacts
Listed by Red Bridge Commercial Real Estate, LLC
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