May 1, 2020 — Need to sign NDA and provide proof of funds and Bio for complete details on property and seller.
1) Shopping Mall in Pennsylvania, US
Acquisition Price - $37MM
2018 Cash Flow - $6.8MM
A over 900k Square Foot Regional Mall Situated on over 90 Acre Site in PA
All anchor spaces are owned and included in the Property
88% Inline Occupancy
98% Outparcel Occupancy
For qualified investors, owner financing is available
The mall is comprised of four department stores (all under the control of mall ownership), a detached retail strip center, an automotive service building and three outparcels. The mall is anchored by Macy’s, JCPenney and H&M, and features over 70 in-line retailers of which none account for more than 1.4% of the Property’s GLA. Other notable national retailers include American Eagle Outfitters, Ashley HomeStore, Express, Victoria’s Secret and Hollister.
The Mall represents a dominant retail center. The Property is easily accessible within the region. The Property creates synergies from the surrounding retail area which is serviced by a variety of traffic driving national retailers including Target, Walmart, Best Buy, Dick’s Sporting Goods, Lowe’s Home Improvement, Home Depot, Ross Dress for Less and Marshalls.
Two anchor spaces remain available (30% NRA) and allows for the opportunity to re-develop. Potential redevelopment opportunities could include mixed-use, experiential retail, residential, sale of developable out-parcels and/or deletion/ removal of footprint.
The Mall presents an opportunity to capitalize on a regional mall within a dominant retail corridor, with strong in-place cash flow and upside potential. Full control over the mall’s footprint expedites the ability for investors to implement a repositioning and or redevelopment plan.
2) Shopping Center in Commack, NY
Presenting an opportunity to acquire a ground lease for the shopping center in Commack, New York. Ground lease expires 12/31/2061, 42.5 Years Remaining
Investors will have the opportunity to purchase the ground lease of the well-located over 30k rentable square foot retail center.
The subject property is over 3 acre site located in Commack, Town of Huntington, Suffolk County, New York.
There is on-site parking for over 200 cars. Site improvements include lighting and landscaping. The improvements appear to be well maintained and are in good overall condition.
All municipal services, including water, electric, gas and telephone service, are available and connected to the existing improvements with service provided by the local sources; sanitary needs are met by septic tanks.
Strong Cash Flow with Yearly Rental Increases
Great value add in leasing up vacancies.
High traffic area - over 46,000 vehicles per day
Immediate proximity to shopping, dining, medical, and parks
3) Commercial Property in New Hyde Park, NY
Commercial Property in New Hyde Park, NY
This 18k+ square foot supermarket is 100 percent occupied, leased until May 31st 2031. The rent has 10% increases every 5 years. Renovated in 2011 this is 1 of 30 best locations of the franchise and one of the better performing in the area. Traffic counts are just below 30,000 vehicles per day.
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Disclaimer: DealStream has not independently verified any of the information in this post and makes no warranty as to its accuracy or completeness.