Documents
Enter the "Deal room" for exclusive documents related to this property.
Attributes
Year Built | 1996 |
Building Area Net |
|
Occupancy | 100.0 % |
Asset Description
Address: 6644 – 6804 Perimeter Loop Road, Dublin, OH 43017
Property Size: 138,536 sf
Tenancy: Giant Eagle Market District, Chipotle, First Watch, Rusty Bucket, Crumbl Cookies, Jersey Mikes, Salon Lofts, The blowout Bar, UPS & Zest Juice Co.
Occupancy: 99%
Investment Highlights
Flagship Giant Eagle Market District Store
-High Performing Sales
-Recently Executed Extension
-20+ Year Operating History
98.7% Average Historical Occupancy Over Last 10 Years
Income Diversification
-Ideal 56%/44% Anchor to Shop Space Distribution
-Shop space is highly diversified among 21 different e-commerce resilient tenants
-No shop tenant makes up more than 4% of overall income
Stable Cash Flow With Upside
-Average Tenure of 26 Years
-Average in-place shop rents are nearly 17% discount to most recent lease
-28% of shop space has contractual annual rent bumps
-36% of shop space does not have fixed rate renewal options allowing investors to mark rents to market in a very tight submarket
Free and Clear Offering