Case Study - Walnut Creek Plaza

Property Description

     Size:                                  

     Location:                            

     Description:                        

     Major Tenants:  

 

Property Acquisitions                   Date:                            

     Occupancy:                        

     Equity Invested:

Business Plan:                               Lease-Up Vacant Space

     Increase NOI

Investment Returns:

     Hold Period:     

     Investor IRR:

     Equity Multiple:

36,674 sqft

Macon, GA

Super Walmart Shadow-Anchored Shopping Center

Dollar Tree, Hibbett Sporting Goods, Rainbow,    

Payless Shoesource, CATO, Sally Beauty, GameStop, GNC

January 14th, 2013

87.19%

$1,350,000

Through an aggressive leasing plan, two tenants were signed (GNC 1,200 sqft and Sally Beauty 1,500 sqft) and the occupancy at the center was increased from 87.19% to 94.55%

Increased property NOI by 24% ($79,000) during time of ownership (3 Years)

3 Years and 5 Months

24.20%

1.96x

YALE REALTY SERVICES CORP.      10 NEW KING STREET, SUITE 102, WHITE PLAINS, NY 10604       T: 914.289.0100       F: 914.289.0101