•	Opportunity to acquire a 95% occupied retail strip center located in Christiansburg, VA
•	Strong tenant lineup that includes Advance Auto Parts, Launch Wireless (T-Mobile), The Joint, Nail Story, Which Which, and Five Guys
•	Weighted average lease term remaining of 7.63 years
•	The asset is anchored by Advance Auto Parts which recently signed a brand new 10-year lease with options to extend, demonstrating their long-term commitment to the site
•	Five of the six tenants have scheduled rental increases, boosting NOI and hedging against inflation (see pg. 7 for more details)

Offering Memorandum

•	Subject property is located at the hard corner intersection of N. Franklin Street and Conston Avenue NW with excellent visibility along N. Franklin Street
•	The asset is located within Spradlin Farms Shopping Center, a 181k+ SF regional shopping center with multiple big box tenants
•	Spradlin Farms Shopping Center is anchored by Big Lots, T.J. Maxx, Barnes & Noble, Michaels, Petco, and shadow-anchored by Target and The Home Depot
•	Other surrounding big box national/credit retailers include Walmart Supercenter, Lowe’s, Hobby Lobby, Best Buy, Harbor Freight Tools, and more
•	Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover exposure for this site

Christiansburg, VA - Spradlin Farms 400 Suites

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<p>Ivy Kwon joined SRS Real Estate Partners in 2017 and is a Senior Marketing Associate in the Newport Beach office. Ivy is responsible for online marketing including social media and email marketing for SRS’ Capital Markets team. She also oversees pipeline management and coordinates events. Before joining SRS, Ivy worked in the entertainment industry doing marketing and merchandising. </p><p>Ivy has a BA degree from Chapman University. </p>

Investment Offering

Christiansburg, VA - Spradlin Farms 400 Suites

Description

Location

Contact

Britt Raymond

Kyle Fant

Matthew Mousavi

Patrick Luther, CCIM