Aransas Marketplace | 100% Occupied Multi-Tenant

PROFORMA CAP 9.21% | 100% OCCUPIED MULTI TENANT RETAIL | RENTAL INCREASE POTENTIAL BY ADDITIONAL 15%

• 100% Occupied neighborhood strip center with local market trends.
• Current rents are under market by 15% | Increasing rent based on current pricing change CAP rate to 9.21%.
• Fully leased Strip Center with below market rents.
• Majority of Tenants have expressed interest in extending the leases, which provides credibility to the property.

ADJACENT FROM HEB GROCERY & HEB GAS | ARANSAS MARKETPLACE LOCATED DENSE DOWNTOWN OF ARANSAS PASS, TX

• Directly Adjacent from HEB Grocery & HEB Gas which is the local market grocer.
• Dense Traffic of more than 22,000 cars per day on the signalized hard corner demonstrates current tenant’s commitment to the location.
• Surrounding by nationally recognized credit tenants creating excellent retail strategies for local market mom/pop tenants.

PREMIUM HIGH TRAFFIC NEIGHBORHOOD CENTER WITH 22,000 CARS PER DAY | DENSE TRAFFIC CORNER WHICH PROVES LOCAL MARKET DESIRABILITY

• Property is located on the signalized hard corner with traffic counts exceeding 22,000 cars per day. This demonstrates credibility to the local market success of a neighborhood center.
• Desirability and credibility to the future success of tenants with adjacent to HEB and located within the MSA of Corpus Christi, TX.
• Local Business & Employers allow for consistent day time and evening traffic.

BILLBOARD INCOME | UNDER-MARKET RENTS | SHORT TERM LEASES

• Aransas Marketplace rental income secured against 2 tenants for billboard income against a long term lease, ending in 21+ Years.
• 100% Occupied neighborhood strip center with lease terms under 1 year allowing future landlord to take advantage of increasing rent.
• Current Tenants are under in market rents by 15% which allow a revision of the CAP rate to 9.21%.