ATTRACTIVE LEASE FUNDAMENTALS
- Starbucks and Stanton Optical have recently signed 10 year leases with Chipotle signing a 15 year lease
- All 3 leases are corporately guaranteed
- All three leases have at least 3 x 5 year extensions left
- Each lease provides 10% rent increases every 5 years in base term and option periods
STRONG CREDIT TENANTS
- The recently built building has transferable warranties in place
- Chipotle has a market cap of $82B (NYSE: CMG) with over 3,200+ locations across the country, Starbucks has a S&P credit rating of BBB+ with over 35,000 locations worldwide, and Stanton Optical has more than 250+ locations in 28 states across the country
LOCATED IN LOW VACANCY RETAIL NODE
- 1.3M SF of retail space in a 1-mile radius boasting a 0.5% vacancy rate - according to
- Over 22.8K SF of absorption YoY | Nearby retail tenants include: Walmart Supercenter, Sam’s Club, Publix Supermarket, Lululemon, HomeGoods, and much more
GREAT VISIBILITY AND ACCESIBILITY - OUTPARCEL TO EAST FOREST PLAZA
- Site is positioned off of I-75 (96.1K VPD) and on busy Forest Drive (29.4K VPD)
- Direct access off of Forest drive and flow from the exit of the center
- Outparcel to Walmart Supercenter and Sam’s Club Anchored Center with more than 540K SF of retail space
- With the center being fully leased there is a large “Spillover Effect” to the outparcels
- According to Placer.ai the Walmart is the most visited in a 15 mile radius and ranking in the top 75% in the state
CLOSE PROXIMITY TO FORT JACKSON
- Located on the other side of the power center is Fort Jackson which is the largest US Army training facility in the country
- Around 16K people live on the Fort with 3,500 active duty military members
STRONG SURROUNDING DEMOGRAPHICS
- Within a 1-mile radius of the site the average household income is over $145K while the nationwide average is $80K
- Within a 5-mile radius of the site there are more than 153K people
- Within that same 5-mile radius there are more than 61K homes
- Within a 1-mile radius of the site the median home value is over $430K