Listed by Landmark Commercial Real Estate Services
Unpriced
Majestic Square
Details
Property Type Retail
Sub Type Storefront
Square Footage 64,957
NOI $40,677
Occupancy 29.98%
Tenancy Multi
Lease Expiration 01/30/2029
Remaining Term 2.6
Year Built 1996
Year Renovated 2019
Majestic Square | Kroger Shadow | JOANN Anchored | Auction
Investment highlights
KROGER SHADOW:
- Majestic Square sits directly adjacent to a well performing Kroger which has been operating at this location for 25+ years. Kroger has seen 30% growth in same store sales since 2020.
JOANN ANCHORED:
- JOANN Fabrics is one of the nation’s leading fabric and craft retailers with over 865 locations and an annual revenue over $2.5B. JOANN occupies 22% of the gross GLA and recently entered into a long term lease agreement until 1/31/2029. JOANN has been operating here since 1996.
VALUE ADD OPPURTUNITY:
- Center is 29.98% occupied, significant value may be added via lease-up of vacant suites/junior box. Building facades have recently been updated and vacant suites are in move-in ready conditions.
Listing Contacts
Listed by Landmark Commercial Real Estate Services
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$40,677.00
$3,389.75/mo
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Zoning
B-1 CommercialGeneral CommercialGeneral Business
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