New Orleans Mall

Investment Overview

Opportunity to purchase a value-add strip retail center in Southfield, Michigan. These properties consist of 14 tenants and a diversified rent roll of service businesses resistant to e-commerce trends. Through the mark to market of rents and conversion to NNN leases, investors have the opportunity to increase NOI while clipping in-place cash flow. The rent roll has a staggered expiration schedule allowing for smooth cash flow and operations.

Investment Highlights

• 20,239 SF across 2 strip center properties
• 1.1 years of WALT
• Diversified rent roll with staggered expirations
• Hard corner location in highly trafficked corridor