Lemon Tree Plaza offers a diverse group of tenants including a well-known Animal Hospital and Veterinary Office along with numerous restaurants, an insurance agency, an auto repair facility and other tenants serving the surrounding communities. Additionally, many of the current tenants have been in occupancy for over ten years providing a stable tenancy and cash flow at this property.
Due to a high number of tenants currently occupying their premises at below market rental rates, this property offering provides great upside potential to increase the rent roll and cash flow at the property. Additionally, almost 50% of the tenants do not have any options to renew further creating an opportunity for new ownership to negotiate new lease agreements at higher rental rates and more favorable terms over the next 12-18 months and beyond.