Current CAP is 6.6%. Pro Forma with Vacancy foactor, CAP is 6.1 %. Strong tenant history with 100% occupancy. Significant upside potential due to below-market rents, with an opportunity to increase rates by $10 to $15 per SF for some tenants. Many tenants have been in place since 2019.
Located in a high-traffic business area surrounded by major retailers, including Walmart, IHOP, Chuck E. Cheese, O’Reilly Auto Parts, and Carter Rockbridge Plaza. Within a 1–2 mile radius, there are three QT gas stations and two Walmart stores. The area is also home to eight large grocery stores, including Walmart, Hong Kong, Al Madina, Talpa, Namdaemoon, Kroger, and Aldi. Nearby dining and retail options include Starbucks, Chick-fil-A, IHOP, Chuck E. Cheese, Super Hibachi, and McDonald's.
*Cell Tower- The cell tower and any associated lease rights are not included in the sale. The buyer will not acquire ownership or lease rights to the cell tower.
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