Offering Memorandum
Highlights
- Long Term Leasehold Interest with Minimal Expense Burdon
- Long Term Leases with Scheduled Rent Increases - Paying an Average In-Place NNN Equivalent Rent of $13.00/SF
- Potential Participation in Future Redevelopment of JCPenney
- Upside Potential with Remaining Vacant Space
- Committed Tenants - Space Expansions & Lease Extensions
- Located in Class A Lifestyle/Mixed Use Center
- Price: $3,650,000
- Cap Rate: 10.0%
- Lease Type: NNN Gross Lease
- Year Built: 2008
- Building SF: 20,432 SF
- Status: Active