Christina Orfanos - Commercial Real Estate Showcase

Christina Orfanos Property Listings
Operations Manager
Fimiani Development Corporation
399 W Palmetto Park Rd
Suite 106
Boca Raton, FL 33432-3760
(561) 395-8882
(561) 395-8886


Christina Orfanos brings superior professionalism and dedication to her position as Operations Manager of Fimiani Development Corporation. She is committed... More
Christina Orfanos brings superior professionalism and dedication to her position as Operations Manager of Fimiani Development Corporation. She is committed to providing the best service to meet the needs of the company, its investors, and tenants. Christina is responsible for all aspects of company operations and administration including property accounting, construction draw requests and overseeing property management issues.

Christina grew up in South Florida and graduated from Florida Atlantic University with a B.A. in Sociology. Less 
DetailMap
116 - 138 S Willow Avenue - Willowtree Shopping Center - Willowtree Shopping Center

Cookeville, TN 38501


Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1971
Building Size:110,300 SF Land Area:13.2 AC (574,992 SF)
Smallest Space:900 SF Largest Space:10,000 SF Total Space Avail:27,640 SF Rent/SF/Yr:
$12.00 - $15.00
Parking:773 Surface spaces are available; Ratio of 7.14/1,000 SF Anchor Tenants:Aaron's, Family Dollar Store, Rite Aid, Save-A-Lot


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
10,000 SF
$12.00/SF/Yr
Vacant
Negotiable
Retail
 1st
900 SF
$15.00/SF/Yr
Vacant
Negotiable
Retail
 1st
900 SF
$15.00/SF/Yr
Vacant
Negotiable
Retail
 1st
1,800 SF
$15.00/SF/Yr
Vacant
Negotiable
Retail
 1st
1,400 SF
$15.00/SF/Yr
Vacant
Negotiable
Retail
 1st
2,000 SF
$15.00/SF/Yr
Vacant
Negotiable
Retail
 1st
1,200 SF
$15.00/SF/Yr
Vacant
Negotiable
Retail
 1st
4,000 SF
$15.00/SF/Yr
Vacant
Negotiable
Retail
 1st
3,040 SF
$15.00/SF/Yr
Vacant
Negotiable
Retail
 1st
2,400 SF
$15.00/SF/Yr
Vacant
Negotiable
Retail
 
11553678
11553679
11671549
11553687
11553688
11553689
11553690
11553693
11553694
11553695
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
10,000 SF
$12.00/SF/Yr
Vacant
Negotiable
Retail
1st
900 SF
$15.00/SF/Yr
Vacant
Negotiable
Retail
1st
900 SF
$15.00/SF/Yr
Vacant
Negotiable
Retail
1st
1,800 SF
$15.00/SF/Yr
Vacant
Negotiable
Retail
1st
1,400 SF
$15.00/SF/Yr
Vacant
Negotiable
Retail
1st
2,000 SF
$15.00/SF/Yr
Vacant
Negotiable
Retail
1st
1,200 SF
$15.00/SF/Yr
Vacant
Negotiable
Retail
1st
4,000 SF
$15.00/SF/Yr
Vacant
Negotiable
Retail
1st
3,040 SF
$15.00/SF/Yr
Vacant
Negotiable
Retail
1st
2,400 SF
$15.00/SF/Yr
Vacant
Negotiable
Retail
NATIONAL CORPORATE TENANTS
Save a Lot Center is a 110,300 SF grocery anchored center that is leased to a majority of National Corporate tenants including Save a Lot, Harbor Freight Tools, Aarons, Rite Aid, and Family Dollar. The overall occupancy of the center is 74%. National Corporate Tenants make up 82%.

STRONG GROCERY ANCHOR
Save A Lot has expanded its space and has exercised three options since 2000. The Guarantor, Houchens Foods, is the largest Save a Lot Operator. Houchens operates 425 Grocery Store locations in 18 states, has 8,000 Employees, and $3 Billion in annual revenue. Houchens is the largest Employee-Owned company in the world.

STRONG STORE SALES
Save A Lot and Rite Aid have Rent-to-Sales Ratios of less than 1.5%.

NEW LEASES AND RENEWALS
Harbor Freight has recently signed a brand new 10-Year Lease with five, 5-Year Options. Aarons, Family Dollar, and Save a Lot have all exercised Options to Renew within the last 12 months.

STRONG RETURN WITH UPSIDE
Priced at a 9.00% CAP Rate on in place income (74% Occupancy) the propertyoffers a strong return as-is. With an average rent of $6.24/SF (less than half the market average) and 25% Vacant Space there is significant achievable upside with this offering. Simply leasing the center to 90% occupancy at $8/SF will yield a 12.33% CAP Rate and a 25% Return.

ATTRACTIVE DEMOGRAPHICS
Cookeville boasts solid growing demographics. The five-mile population of nearly 50,000 people has grown by over 20% since 2000 and currently has an average income over $50,000.



Fimiani Development Corporation
Christina Orfanos
(561) 395-8882



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