Ascend Real Estate Advisors
Listed by Ascend Real Estate Advisors
$9,850,000
Canterbury Plaza
Details
Property Type Retail
Sub Type Grocery Store
Square Footage 103,112
Net Rentable (SqFt) 103,112
Units 23
Cap Rate 8.95%
NOI $881,125
Occupancy 70%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 14.51%
Pro-Forma NOI $1,429,217
Price per SqFt $96
Buildings 1
Stories 1
Investment Type Value Add
Tenant Credit Credit Rated, Franchisee
Retail | 8.95% CAP | 103,112 SF
Marketing description
This is a grocery anchored pad site. The grocer has been at this location since 1983. There are many local and national tenants included in the sale including Subway, Rent-A-Center, Lacy’s, Mind and Body and many more. Great asset in between Interstate 294 and Interstate 57. Amazon Plant just opened next door.
Listing Contacts
Ascend Real Estate Advisors
Listed by Ascend Real Estate Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$881,125.00
$73,427.08/mo
Valuation Metrics
0
DSCR
8.95%
Cap Rate
8.95%
ROI
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