Available for Purchase Individually or as a Portfolio
Prime Location in Dense Retail Corridor – Situated in Winchester’s most established retail hub, directly across from Winchester Plaza and in close proximity to Lowe’s Home Improvement, Kroger Plaza, Walmart, and CHI St. Joseph Medical Center.
Below Market Rents – Current lease rates are below recently executed market comparables, providing immediate rental growth potential.
Attractive Rent Per Square Foot – Current occupancy cost of $11.62 per square foot positions the asset competitively within the market.
Mid to Short-Term Lease Structures with Upside – Several portfolio locations include kick-out options in two years, enabling ownership to capture higher market rents on an accelerated timeline.
Built-In Rental Growth – ll leases include 1.50% annual rent escalations, ensuring consistent income growth.
Strong Sales Performance – The tenant demonstrates healthy sales volumes, with a favorable 4.88% rent-to-sales ratio.
Compelling Land Basis – Asset offers an attractive underlying land value relative to its real estate fundamentals, if unencumbered.
Generous Building Size – ±3,444 SF building footprint provides operational flexibility and long-term adaptability.