Do you often find yourself choosing between a high-stability deal versus a deal with strong upside margins? If so, FNRP has an offering you’re not going to want to miss.
Our team loves presenting exceptional centers with strong national tenants that present exceptional stability or great value-add opportunities respective to the individual sites… But with our Mid-America Grocery-Anchored Portfolio, there’s no “either, or” about it. While exceptional centers in their own rights, together in a single portfolio, River City Marketplace and Southern Plaza provide the perfect synergy to offer investors both an exceptionally stable investment alongside major value-add potential in one seamless package.
Both of these shopping centers are grocery-anchored, institutional-quality market-dominant centers that are positioned in highly strategic mid-western locations that offer you the chance to experience the greatest qualities of this asset class in a single blended opportunity.
Between the two properties, there is a total of 76,868 SF of vacant space. This presents our team the golden opportunity to generate nearly $1.18M of additional rent + NNN revenue (over 23% of revenue), presenting nearly $17M in value creation.
Join us in our new webinar to learn about the unique opportunities presented by this rare portfolio deal and how the specifics of each property combine to leverage the benefits of both a core-plus and value-add investment.
River City Marketplace - O'Fallon, MO
+Anchor: Fresh Thyme
+Notable Tenants: Total Wine, Ross, Five Below
+Over 49,000 vehicles per day (VPD)
+Serves one of the most affluent communities in the St. Louis MSA
Southern Plaza - Indianapolis, IN
+Notable Tenants: Ross, Harbor Freight
+Over 36,000 VPD and adjacent to Interstate with over 92K VPD.
+Located 5 miles south of downtown Indianapolis, a dense and growing metropolitan center
+Target Annual Total Return: 13 - 14%
+Target Annual Cash Distribution: 6.5 - 7.0%
+Target Equity Multiple: 1.4x