Join First National Realty Partners' Co-Founders & Managing Principals Anthony Grosso & Chris Palermo as they unveil our most recent acquisition, Whitehall Plaza.
This center is a 92% occupied, 172,425 sq ft Kroger-anchored, daily-use shopping center located in Bloomington, Indiana which will provide investors with the opportunity to earn a long-term cash distribution with exciting potential for upside through the execution of several value-add tactics.
+ 11.4% Targeted Internal Rate of Return
+ 7.2% Targeted Avg. Annual Cash Distribution
+ 2.3x Targeted Equity Multiple
+ $24.2mm Purchase Price
+ 10-Year Targeted Hold
WHY WE LOVE THIS DEAL
+ Anchored By a 62,000 sq ft High-Performing Kroger with exceptionally strong sales.
+ Kroger has a long-term commitment to the site with an on-site fuel center
+ Kroger's lease runs through 2030 with renewal options through 2060
+ True Daily-Needs center supported by tenants like Planet Fitness, Regions Bank, T-Mobile, and other high-quality, national-brand tenants.
+ Sits on a Hard Corner with 60,000+ VPD
+ Located near Indiana University with strong Demographics < 3 miles.
+ Several Opportunities for Value Add including Kroger expansion and outparcel spin-off.
Thu, May 6, 2021 · 8:00 PM
Eastern Time (US & Canada)
Duration: 1 hour
Who can attend
Anyone with the event link can attend
Dial-in available? (listen only)
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Anthony Grosso is Co-Chairman, Managing Principal and Founder of First National Realty Partners, one of the nations leading commercial Real Estate private equity firms. Mr. Grosso has been involved in all phases of FNRP’s development since its...