Description

JLL is pleased to bring to market 2101 Smith ("the property") a 13,783 sq ft retail property with stable cashflow. The property is 100% leased to Phenix Salons, T-Mobile, Bank of America, and Starbucks. The asset benefits from its highly accessible infill location with a 3-mile population of 128,500 and $155K avg. household incomes.

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Attributes

Building area net

1,280 m²

Land area net

0.29 ha

Occupancy

100%

Year built

1962

Year renovated

2020

Media

Investment Highlights

In-Place Cash Flow - The Center is 100% Leased with 3.6 year of WALT.
Midtown Real Estate with Ample Parking - 2101 Smith benefits from a high 3.92 / 1,000 parking ratio, a must-have for attracting high quality tenants.
Highly Accessible Center - The property serves the robust Midtown residential community as well as Downtown commuters.
Exceptional Demographics - 3-Mile population of 128,000 with average incomes expected to hit $163K in 2030.