Fortis Net Lease is please to present Churchman Hill Plaza, a stabilized core-plus retail property with immediate income yield and long-term value creation optionality. The
asset offers durable in-place cash flow supported by a diversified tenant roster anchored by investment-grade national credit tenants (Dollar Tree and Dollar General)
alongside essential service, food, wellness, and neighborhood retail uses. Occupancy stability is reinforced by multiple tenants with 10–40+ year operating histories at the
site, demonstrating long-term location viability and tenant stickiness.
The offering is priced at an 8.00% going-in cap rate based on $583,517.91 NOI, providinga strong yield premium relative to comparable stabilized retail assets while maintainingdownside protection through diversified income streams and non-discretionary tenantcategories. Embedded lease escalations and rollover mark-to-market opportunitiesprovide organic NOI growth without reliance on speculative leasing.
The 8.49-acre land footprint introduces meaningful long-term optionality through potential pad site development, rent increase on lease rollovers (many tenants without
option periods), redevelopment potential and leasing up vacancies, creating multiple value-creation paths beyond passive income. This land component materially enhances
risk-adjusted return potential and provides a strategic hedge against long-term retail evolution.