For sale · Grocery-anchored retail · Lorem City

Fairmarket
Crossing

A 96,000 SF neighborhood center at Tessel Crossing, anchored by Fairmarket Grocer

$26,200,000

Asking price

6.75%

Cap rate

96,000 SF

Gross leasable area

97.9%

Leased

Fictional figures. Not an appraisal or an opinion of value of any real property.

The offering

A grocery-anchored center, 97.9% leased

Anchored by Fairmarket Grocer: 52,000 SF on a NNN lease through March 2044, with six 5-year options.
97.9% leased. Twelve tenants across 96,000 SF; one 2,000 SF suite is available.
NNN leases throughout, with 94% of taxes, insurance and CAM recovered.
Two pads: Keelwater Federal Credit Union with a drive-thru, and Ember Taqueria.
On Ipsum Road, where 24,900 vehicles pass a day, about a quarter mile from Lorem Expressway Exit 12.
A daily-needs mix: grocery, fitness, dental, coffee, pet, learning and wireless.

Traffic counts and place and road names are fictional.

Asking price	$26,200,000
Cap rate	6.75%
Net operating income	$1,767,222
Price per SF	$272.92
Gross leasable area	96,000 SF
Occupancy	97.9% leased
Anchor	Fairmarket Grocer, 52,000 SF
Lease type	NNN
Pads	2 (P-1 Keelwater Federal Credit Union, P-2 Ember Taqueria)
Address	2400 Tessel Crossing Boulevard, Lorem City
Frontage	Ipsum Road