Retail Properties
Average Deal Size: $1-10 million.
Modern, single-story buildings over 10,000 sqft with diverse tenants and 50%+ occupancy. Located in high-traffic areas with strong demographics, offering value-add potential through leasing and operational improvements.
- Deal Size: $1-10 million
- Square Footage: 10,000+ sqft
- Construction Year: 1980s or newer
- Occupancy: 50%+ for income stream and leasing opportunities
- Building Type: Single-story for cost-efficiency and ease of access
- Tenant Profile: Smaller suites for a diverse tenant mix
SouthWest Commons Worcester MA
94,000 SQ FT COMMERCIAL RE-DEVELOPMENT
94K sq ft commercial plaza in Worcester, Mass
94K Plaza: Leasehold Interest Purchased on-line Ten-X Auction
Option to build pad sites on additional land (1-2), 1 pad on existing parking lot is possible as well.
Southwest Commons site located within an Opportunity Zone!!
Investment Criteria
- Value Add Opportunities: Focus on renovations or leasing to increase property value.
- Off-Market, Debt-Free: Prefer properties off-market, debt-free, and owned for 10+ years for better negotiation.
- NOI Growth Potential: Opportunities to increase Net Operating Income through leasing or operational improvements.
Location Features
- Brand Name Tenants: Attract recognized brands through visibility, foot traffic, and accessibility.
- Traffic & Visibility: Strong traffic counts and visibility are essential for retail success.
Demographics
Household Income: Median income of $60,000+ within a 3-mile radius.
Density: Medium or higher population density for higher foot traffic.
Population Growth: Locations with growing populations to ensure a stable customer base.
Investment Strategy
- Increase Income: Fill vacancies, lease to better tenants, and raise rents.
- Reduce Expenses: Implement operational efficiencies and lower maintenance costs.
- Fill Vacancy: Quickly lease vacant spaces to maximize income.
- Adaptive Re-use: Repurpose parts of the property to increase income potential.