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Case Study - Walnut Creek Plaza

Property Description




     Major Tenants:  


Property Acquisitions                   Date:                            


     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



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



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