INVESTMENT HIGHLIGHTS
DESOTO RETAIL CENTER
FINANCIAL ANALYSIS
• Bealls Recently Renewed: Bealls recently completed an extensive renovation to their space and extended their lease through 2025, which shows that they are committed long term to this location.
• Well-Below Replacement Cost: The Property is priced at only $80 per square foot, which gives an investor an opportunity to acquire DeSoto Retail Center for well below replacement cost.
PROPERTY DESCRIPTION
• Value-Add Opportunity: At 90.7% occupancy, an investor can realize immediate value through the lease up of more than 7,800 square feet of retail and restaurant space.
• High Tenant Retention: The Property’s anchor, Bealls, has been at the location since its construction in 1985. Additionally, the Property overall has seen high tenant retention as 57% of the current tenants have been at DeSoto Retail Center for more than 10 years.
MARKET OVERVIEW
• High Population Densities & Future Growth: There are 66,939 residents within a three mile radius of DeSoto Retail Center increasing to 186,945 residents within five miles. The population within three miles of the Property has increased by 12.83% since 2010 and is projected to increase an additional 6.42% over the next five years.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 STRIVE
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