Available for purchase Individually or as a Portfolio
Prime Location in Strong Visibility – Strategically positioned within London’s most concentrated retail corridor, adjacent to Walmart and Tractor Supply-anchored centers and directly across from a Kroger-anchored center. The site benefits from exposure to over 28,500 vehicles per day (VPD).
Below Market Rents – Current lease rate is below recently executed comparable leases in the immediate trade area, providing potential for near-term rent growth.
Low Rent Per Square Foot – Tenant is paying a favorable rental rate of $6.74 per square foot, offering investors an attractive cost basis.
Short to Mid-Term Lease Maturities with Value-Add Potential – Several portfolio locations include kick-out clauses within two years, creating an opportunity to re-lease at market rates or negotiate rental increases ahead of schedule.
Contractual Annual Rent Increases – All leases include 1.50% annual escalations, providing built-in income growth.
Healthy Rent-to-Sales Ratio – The subject property demonstrates a strong rent-to-sales ratio of 5.78%, indicating sustainable occupancy costs.
Attractive Land Basis – The asset is priced at a land basis that is compelling relative to the underlying real estate value, assuming fee-simple ownership.
Sizeable Building Footprint – The property features a ±6,511 square foot retail building, supporting a wide range of tenant operations.