Cap Rate: 8.12%
Sale Price: $8,375,000
124,512 SF Grocery Anchored Shopping Center
*Falls Plaza I is SOLD!
*Falls Plaza II & II are Under Contract!
Falls Plaza I-II-III is a 124,512 square foot shopping center consisting of three separate buildings. It is well positioned on Appleton Avenue which is an arterial roadway with significant daily traffic. The tenants within the shopping center satisfy the daily needs of area residents.
Several existing tenants have a long history at the shopping center. The current owner has re-invested and improved the shopping center in categories ranging from mechanicals to marketability. Recently, they were successful in working with the Village to modify the signage code for the property to ensure that Falls Plaza meets the expectations of today’s retailer.
Information shown herein was provided by the seller/lessor and/or other third parties and has not been verified by the broker unless otherwise indicated.