Description
The plaza was built in 2008 with 5,880 leasable SF with 3 potential Tenants (currently 2 tenants; fully lease) on a large lot with ample parking. The plaza has a prime location with 82 feet street front east/west visibility on Pembroke Road that maintains a very high traffic count exceeding 46,000 cars per day. Located next to a Home Depot, this property is centrally located only 1.4 miles to Turnpike and 2.1 miles to I-95. Laundromat occupies 3780 SF; the lease began 1/1/2021. There are 2.5% annual rent increases and two 5-year option remaining. They are billed $1732 monthly for passthroughs. Billboard has 4 years remaining on their gross lease. J&S Early Learning Academy lease began 3/5/2020 and expires 4/4/2025 with one 5-year option. +++++Download Offer Memorandum from MLS
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01/2 BATHS
School Ratings & Info
Description
The plaza was built in 2008 with 5,880 leasable SF with 3 potential Tenants (currently 2 tenants; fully lease) on a large lot with ample parking. The plaza has a prime location with 82 feet street front east/west visibility on Pembroke Road that maintains a very high traffic count exceeding 46,000 cars per day. Located next to a Home Depot, this property is centrally located only 1.4 miles to Turnpike and 2.1 miles to I-95. Laundromat occupies 3780 SF; the lease began 1/1/2021. There are 2.5% annual rent increases and two 5-year option remaining. They are billed $1732 monthly for passthroughs. Billboard has 4 years remaining on their gross lease. J&S Early Learning Academy lease began 3/5/2020 and expires 4/4/2025 with one 5-year option. +++++Download Offer Memorandum from MLS
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