Value-Add NNN Retail Portfolio - National

Various locations

Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer for sale the Value-Add Retail Net Lease Portfolio, which is a unique opportunity to acquire 7-asset collection of single-tenant net lease retail featuring tenancy across a wide array of retail segments. Comprising over 193,000 square feet and well-diversified geographically, the Portfolio features approximately $1.96 million of net operating income with ±4.1 years of weighted average remaining lease term (WALT).

The Portfolio represents a highly attractive portfolio basis of $135 PSF given current construction costs, while also offering exposure to six distinct credit profiles with multiple retail sub-sectors. The Portfolio is diversified not only across various credits and locations, but also in physical asset types and scheduled lease expirations, providing numerous risk mitigants and flexibility in investment strategy. Further, the Portfolio features a highly attractive $11 PSF blended rental rate across the assets, offering investors significant mark-to-market opportunities.

This opportunity offers investors the ability to acquire a diversified net lease portfolio of scale with assets that are occupied by some of the leading net-lease tenants across the U.S. Further, the Portfolio presents a highly attractive, value-add yield opportunity rarely available via single-tenant acquisitions in the net lease retail credit market.

Investors may bid on (1) the entire Portfolio outlined on the following page, (2) sub-portfolios of any mix of locations, or (3) individual locations on a one-off basis. A Call for Offers will be announced in the coming weeks, which will be communicated to all interested investors.

Broker of Records

Steve Schwegman

IN License No. RB14042704

Christopher Ross

WA License No. 27291

Christopher Ross

WA License No. 27291

Mark Popovich

PA License No. RM424507

Brandon Rawlins

MT License No. RRE-BRO-LIC-55819

...

Attributes

Building area gross

17,938 sm

Occupancy

100%

NOI

₱113,550,000

Land area gross

7.41 ha

WAULT

4.1 years

Rent PSF

₱634.54

Value-Add NNN Retail Portfolio - National (6 Properties)

Media

Investment highlights

100% Occupancy across 193,083 square feet, providing immediate, stable cash flow from day one.
$1.96 Million in Net Operating Income (NOI) delivering strong, consistent returns and income stability.
Attractive $11 PSF Blended Rent, well below market, offering significant upside through rent growth.
Diverse Portfolio of 7 Properties located across 5 U.S. states, strategically positioned in key growth markets.
$135 PSF highly attractive portfolio basis given today’s construction costs.
Weighted Average Lease Term (WALT) of 4.1 Years, offering steady mid-term revenue with manageable rollover exposure.
18.3 Acres of Total Land Area, providing meaningful underlying real estate value.
Value-Add Potential through active asset management and lease-up opportunity to enhance long-term portfolio performance.