WEBINAR ENDED
About
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.

FINANCIAL PROJECTIONS
+ 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.
When?
Thu, May 6, 2021 · 8:00 PM
Eastern Time (US & Canada)
Duration: 1 hour
Price
Free
Language
English
Who can attend
Anyone with the event link can attend
Dial-in available? (listen only)
Yes.
Dial-in Number
Please register for this Webcast to view the dial-in info.
Agenda
  • Firm Overview
  • Deal Overview
  • Market & Location Analysis
  • Business Plan
  • Deal Room Reveal
  • Q&A
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