Vital Street with High Traffic Counts –Building is located on W Nasa Parkway which is a major thoroughfare for Webster and the most trafficked street in the city, with over ±39,000 VPD.
High Density Area with projected Growth – Current population in a 5 mile radius of this asset is 187,000 and expected to grow .5% over the next 5 years.
Major Redevelopments in the immediate area – There are major redevelopment projects that are already underway or being planned within a 5 mile radius (more information further in the Offering Memorandum).
Near Nationally Recognized Tenants – Property is located near major tenants like Dutch Bros, Pluckers, Harbor Freight, Costco, Hobby Lobby, Michaels, Ashleys Furniture.
Recently Constructed Asset – Delivered in 2018, the property benefits from modern construction standards, limiting near-term capital expenditure requirements for future ownership.
Acquisition Below Replacement Cost – Offered at a price point below estimated replacement cost, presenting value upside through re-tenanting or potential owner-occupancy.
Flexible Exit Strategy – The existing lease is structured without extension options, providing future ownership with enhanced optionality at lease expiration.
Owner-User Opportunity – Ideal for an owner-user seeking short-term income with the option to occupy the property post-lease, enabling a phased transition strategy.
Versatile Building Size – The ±6,000 SF footprint accommodates a wide range of commercial uses, enhancing long-term tenant or user demand.
Significant Rental Upside – The in-place rent of $13.74/SF is materially below current market rates, offering near-term re-leasing or repositioning potential.
Out parcel to a business park – The property is situated in front of an industrial business park with the ability to service many of those employees and customers.