SOLD – Teton Village

THE OPPORTUNITY

• Built in 2009, center is 100% leased with service-oriented tenancy
•  Long term tenancy with 60% of tenants operating at the center for more than 5 years and 47% for 7+ years
• Below market rent of $17.67 per square foot with scheduled annual rent escalations throughout the rent roll
• Only two (2) tenants have options to extend their lease, giving the shopping center owner ample opportunity to raise rents upon expiration
• Center has been exceptionally maintained; Parking lot recently repaved and restriped

THE HIGHLIGHTS

•  High-traffic signalized intersection of 33,000 VPD
• Median Household Incomes
  • 1 mile: $77,215
  • 3 mile: $81,737
• Center is located along Fayetteville’s primary north-south corridor with nearby national tenants Kroger, Publix, and Ingles, among others
• Submarket shop space rents in the low $20s with <5% vacancy