Property Overview of Camelot Center LLC value real estate investment with a contrarian play on the retail market.
Find out more at https://invest.masciadev.com
Value Add: The property offers potential upside through leasing vacancy (14% of total sf), there is a possibility of adding a grocery tenant to replace the current anchor & possible outparcel development in the large parking lot. None of these benefits are shown in current projections.
Corner Location with Traffic Light: The property is located at the corner of a busy signalized intersection with 31,000+ cars/day, this is more than double the traffic that many retail tenants require. Traffic counts are one of the most important metrics for retail property success.
Highest Per Capita International Investment in the USA: Spartanburg has a 40-year history of attracting more than 100 global firms from over 15 countries, including: BMW, Michelin, Invista & Innerterch; this provides a diverse, educated, & high income employment base.
Excellent Transportation Linkages: Historically known as the “Hub-City”, Spartanburg offers an excellent transportation system, it is at the crossroads of major interstate highways (I-26 & I-85) & two major southeast rail service providers. The property is 30 minutes from Greenville-Spartanburg Airport, 1 hour from Charlotte Douglas Airport, & only 3 hours from the Port of Charleston.
Margin of Safety: There is an excellent combination of stability & creditworthiness in our national retailers which include Dollar General & Aaron’s. Furthermore the property has NNN (triple net) leases to help mitigate future cost increases & the building was recently renovated.
Experienced Sponsor: The Mascia team has 85+ years of combined experience with over 2 million SF of real estate controlled.
This is not an offer to invest.
Post time: Apr-23-2017