Description

The property sits along a busy corridor of the Interstate 60 with a Huge Pylon dedicated to this 2,000,000 Square Feet Reginal Retail Power Center, located at the Freeway Interchange of the I60 and the I215. This is the prime exit on the I60 coming from the east, and you can also come to the center from the south by exiting off the I215. This offering consists of three nationally branded tenants, including Verizon, GameStop, and Subway, and also includes Pho Ha which has more than one location. All tenants are on NNN leases, who are all likely to renew at options, while the building is also well-suited for backfill that can produce increase in rents. I get regular calls from brokers and tenants wanting to know if any leases are expiring soon so they can take over the space. Shadow Anchored by Target, the subject is Pad Building C located at the drive entrance to Target, known to be one of the busiest shopping destinations in the region. All tenants are seasoned at this location, except for the Payless that went out only because of BK a few years ago, which was leased quickly by Pho Ha once Payless finally vacated.