Red Pump Shopping Center

Highlights

Offering Price and Cap Rate : $2,000,000 | 7% Cap Rate

• Red Pump Shopping Center is 100% occupied by 5 tenants with a weighted average tenure of 15+ years
• Long-term value-add opportunities through an active leasing and mark to market campaign
• All tenants have annual increases throughout their base terms and each of their option periods, ensuring a hedge against inflation
• Diverse retail uses serve the densifying submarket and offer consumers multiple options during their visit
• The asset shares an access point the McDonald’s along Red Pump Road, which sees 546.2k annual visits, ranking in the top 92nd percentile amongst all fast-food locations within a 5-mile radius, per Placer.ai, fostering a cross-shopping environment between the properties
• Surrounded by three and five-mile average household incomes of $138,000 and $148,000, respectively, with income levels expected to grow 1.91% and 1.88% annually through 2030