Dean's Plaza & Car Wash

Compelling Value-Add Opportunity: In-place rents average approximately $14.65 per square foot gross, offering significant upside potential. Additional value can be realized by demising the end cap (Suite 1) into multiple inline bays to optimize the tenant mix and increase the blended rental rate.
Lease Structure Repositioning Potential: Existing tenancy is governed by modified gross leases with minimal reimbursement structures. Transitioning to full triple-net (NNN) leases presents a clear path to enhanced net operating income and improved cash flow predictability.
Significant Capital Improvements Completed: The property underwent a comprehensive exterior repositioning in 2019, including installation of a new façade, new roof, updated storefront systems, modernized entry features, fresh exterior paint, and resurfaced and restripe parking.
High-Visibility Frontage with Strong Traffic Counts: The asset benefits from direct frontage along Deans Bridge Road, which experiences approximately ±23,800 vehicles per day, and is located less than one mile from I-520, which sees an additional ±78,300 vehicles per day.
Flexible Expansion or Redevelopment Upside: Situated on a double-parcel totaling approximately ±0.58 acres, the property affords future ownership optionality for pad site development, additional inline retail expansion, or broader site redevelopment.
Prime Position in an Established Retail Corridor: Located within a heavily trafficked retail corridor, the property is adjacent to many strong national retailers, including Walmart Supercenter, Dollar Tree, Circle K, AutoZone, Family Dollar, Popeyes, and Pizza Hut.

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Maxx Bauman