From the course: Introduction to Commercial Real Estate Analysis
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Anchored retail case study
From the course: Introduction to Commercial Real Estate Analysis
Anchored retail case study
- [Narrator] Hey, welcome back, in this lecture we are going to look at an anchored retail example, essentially a Sprouts shopping center. So an anchor is basically a large recognized tenant that is the main tenant for a shopping area that draws traffic that helps all of the other smaller tenants. Okay so we're going to look at something like this, the purchase and stabilization of a Sprouts anchored retail center. Where Sprouts is the main draw, and then there are a bunch of other smaller tenants. So, we're coming in where Sprouts is already there, but the rest of the space is only 50 percent leased. This is mostly an income play. There's not a lot of value added, it's a fairly new center so there's not that much to do other than to lease up the space. We are looking at a small Sprouts store of just under 15,000 square feet, and then there's 25,000 of other mixed retail that ranges from about twelve hundred to 5,000 square feet in size. Now the base line economics that we're looking…
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