$1,513,000 USD
866-889-0550
HIGHLIGHTS
- Security – Weighted average lease term of 3.2 years with long term operating history.
- Rent Growth – Several tenants are paying below market rent, presenting an opportunity for future rent growth.
- Strip Center Intrinsics – Kirby Whitten Shops embodies the low risk associated with smaller, leasable tenant spaces.
- E-Commerce Resilience – Tenancy profile is predominantly service oriented, offering resistance to online retail disruption.
- Limited Retail Inventory in the Area – Sticky tenants.
- Attractive Retail Design – Newer vintage building: Features prominent signage, ample parking, and high visibility, ideal for tenant success.
FOR SALE DETAILS
PRICE
$1,513,000 USD
PRICE/SF
$202 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Kirby Whitten Shops
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2016
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
09-5100-0-0164
ASK ABOUT THIS PROPERTY
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866-889-0550
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866-889-0550
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