Retail
Property Type
3,881
Square Feet
Value Add
Risk Profile
June 2021
Acquisition Date
This drive-through property came to us off market. The rent is undermarket and we are already in discussions to increase the rent with the existing tenant. Drive-through properties are in very high demand and their popularity has been heightened by the pandemic. Once the lease is renewed the property will provide excellent cash flow and could be an asset we sell due to the very high demand for single-tenant net-leased property.
This drive-through property came to us off market. The rent is undermarket and we are already in discussions to increase the rent with the existing tenant. Drive-through properties are in very high demand and their popularity has been heightened by the pandemic. Once the lease is renewed the property will provide excellent cash flow and could be an asset we sell due to the very high demand for single-tenant net-leased property.
