• Fully Stabilized Asset: The offering features a 100% leased multi-tenant retail property anchored by 2A Thrift Superstore, a corporate-backed concept owned and operated by Savers (NYSE: SVV).
• Long-Term Anchor Commitment: Savers recently executed a 10-year lease with two (2) five-year extension options, underscoring long-term operational commitment.
• E-Commerce Resistant Tenant Mix: Additional tenants include a salon, fitness studio, pet supply store, and a popular Irish pub—all service-oriented and resistant to e-commerce disruption.
• Scheduled Rental Escalations: Built-in rent increases throughout the initial lease terms and option periods provide growing NOI and act as a hedge against inflation.
• NNN Lease Structure with CAM Pass-Throughs: All tenants operate under triple-net (NNN) leases, with CAM charges billed separately through the condo association, minimizing management responsibilities for ownership.
• Strong Lease Term Remaining: The property offers a Weighted Average Lease Term (WALT) exceeding 7 years, with no short-term lease rollover, providing income stability.