Fordham Place
400 East Fordham Road, Bronx, NY, 10458, US
24 645 mètres carrés
Descriptif
Property Address: 3100 Fairlane Drive, Allen Park, MI 48101
Property Size: 270,187 SF
Occupancy: 95%
Year Built: 2004
Tenant Suites: 36
WALT: 5.8 Years
Year 1 NOI: +/- $5,335,000
5-Year CAGR: +/- 3.00%
...
Attributs
Superficie du bâtiment nette
25 101 mètres carrés
Occupation
95 %
Année de construction
2004
VALSE
5.8 années
Média
Points forts de l'investissement
- Market Dominant Shopping Center with Exceptional Tenant Performance
- #1 Most Trafficked Open-Air Shopping Center in 15-Mile Radius
- Tenant Performance State Rankings:
- #1 TJX; #1 Ulta; #3 Burlington; #4 Five Below; #4 Old Navy; #5 Target
- Secure Income Stream with Multiple Anchor Drawing Power
- Ideal income diversification with 45% of income from Anchor and Jr. Anchor Tenants
- Average historical occupancy of 98% over past three years (2023-2025)
- No tenant contributes more than 9% of income
- Outstanding Leasing Momentum and Demonstrated Mark to Market Opportunities
- 15 Renewals across +130K SF over past 3 years
- Old Navy recently recently agreed to 10-year extension at 21% increase
- Michaels recently exercised five-year option at 22% increase
- Jimmy John's recently extended 10 years at 17% increase
- Barnes and Noble recently extended, converting from Gross to NNN
- Burlington, Rally House, and Dollar Tree successfully backfilled BB&B, Pier 1, and GAP
- Dominant National Tenant Lineup Retention
- 96% of existing tenancy is composed of national tenants
- Weighted average lease term of 5.8 years
- Best in Class Shadow Anchors
- Shadow anchored by #5 most trafficked Target (Fortune #41) in all of Michigan (1.5M visitors)
- Fairlane Green Phase II drives 5.7M synergistic consumers to the asset annually
Contactez les courtiers
Fairlane Green (0 Propriétés)
