Description
1226 Normandy provides investors with a rare opportunity to acquire a multi-tenant retail building in the heart of Normandy Isle. The property is currently 100% occupied with tenants that are all on short term leases and sub-market rents. This may provide an investor with a strong upside potential to lease the spaces and bring the lease rates to market. Each retail unit is approximately 722 SF and is historically in high demand by local and national tenants. Given the location, small retail spaces, and convenient on-site parking, the property offers a low maintenance opportunity for short to mid-term investors. On a longer-term hold, the property also offers the opportunity to develop vertically with a height limit of 50.
School Ratings & Info
Description
1226 Normandy provides investors with a rare opportunity to acquire a multi-tenant retail building in the heart of Normandy Isle. The property is currently 100% occupied with tenants that are all on short term leases and sub-market rents. This may provide an investor with a strong upside potential to lease the spaces and bring the lease rates to market. Each retail unit is approximately 722 SF and is historically in high demand by local and national tenants. Given the location, small retail spaces, and convenient on-site parking, the property offers a low maintenance opportunity for short to mid-term investors. On a longer-term hold, the property also offers the opportunity to develop vertically with a height limit of 50.
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