Auction Bid Dates: October 27th, 2025 – October 29th, 2025
- Value Add Opportunity Through Lease Up (Current Occupancy at 23%) – Westwood Plaza’s current occupancy sits at roughly ±23%, providing a significant lease up and stabilization opportunity for new ownership. The property sits on ±17.05 AC, providing ample parking for a multitude of redevelopment uses.
- With 29 total suites, an investor has the ability to immediately create value through the lease-up of 14 existing vacant suites, including:
- ±60,000 SF Box
- ±46,000 SF Box
- Several additional spaces between ±781 and ±7,500 SF
- Opportunity to Spin off Out Parcels – The property is currently zoned as one parcel, with 5 different single tenant properties including – Dunkin’, Burger King, Bargain Beer & Pop, Northwest Savings Bank and Pizza Hut.
- Dunkin’ Commitment to Location- Dunkin’ – New Façade Renovation: Completed in January of 2025, showing long term commitment to the location.
- Burger King Renewal – Burger King, with direct frontage on Minno Drive, recently exercised a 5-year option in June of 2025.
- Long Term Tenancy – ±50% of the rent roll has been at the property for over 10 years. Current WALT sits at roughly 2.9 years, providing new ownership with a runway to stabilize current tenancy or determine long term plans with income in place.