63,000 square foot retail center with 4 tenants located in Kissimmee, Florida. The tenant roster includes Ross, Salvation Army, 7-11 gas/convenience store and a food vendor, Mighty Wings. The property will undergo a full exterior renovation includes a new building façade, parking lot re-surfacing and landscaping. The original anchor tenant, Staples will be replaced with Ross stores on a new 10-year lease.
- SQUARE FEET: 63,000
- ACQUISITION DATE: December 2016
- ACQUISITION PRICE: $8,000,000
- RENOVATION COSTS: $600,000