PineBrook Park

Value-Add Opportunity: In-place rents average just $14.96 PSF, well below market rates, offering significant mark-to-market upside.
Short Lease Terms: 38% of GLA has no renewal options and WALT is just 2.4 years, enabling rapid rental growth and repositioning.
Strategic Vacancy: 88.5% occupancy with select office suites held vacant to support a comprehensive renovation strategy.
Renovation Upside: Renovations underway targeting office rents of $50+ PSF, driving meaningful NOI growth.
NNN Lease Structure: 76% of GLA leased on a NNN basis, minimizing landlord responsibilities and enhancing net cash flow.
Redevelopment Potential: Large ±130,718 SF center on ±8.72 acres offers substantial leasing flexibility and long-term redevelopment options.
Anchor Stability: Outback Steakhouse has operated at this location since 1991, demonstrating long-term site viability.
Prime Retail Corridor: Located on S Cleveland Ave (US-41) with ±68,000 VPD, in a dense retail hub surrounded by major national retailers.
Demographic Strength: Over 150,000 residents within 5 miles and average household income exceeding $85,000.
Multiple Exit Strategies: Potential to carve out and sell Outback Steakhouse as STNL or sell medical building parcel for additional value.

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