Retail Space For Lease @ 410 10th St Se

The center, which totals ± 81,510 SF of single-story gross leasable area on a ±7.02-acre site, includes tenants with long-term occupancies reflecting multiple lease extensions: Jasmeria Hair (Dec 1992 - 29 years), Plaza Barbers (Nov 1996 - 25 years), Miller Laundry (Nov 1996 - 25 years), True Value Hardware (Nov 1999 - 22 years), Coborn’s d/b/a Cash Wise Foods (Jan 2012 - 10 years with a Jan 2022 5-year extension). All in-place tenants are on NNN leases. Coborn’s has expressed interest in another 5-year lease extension, bringing the expiration date to Jan 2032 representing 58% of the GLA. This extension is contingent upon completing a ±7,225 SF ground to be improved with a four-pump gas station and the completion of cap-ex work including parking lot resurfacing, parking lot lighting, building exterior, and signage upgrades. Capital expenditures are estimated at $572K or $7.70 PSF of GLA. Please refer to the Property Description section of this Offering Memorandum for additional details. The roof was replaced in 2020 at a cost of $876K. The 20-year warranty is transferable. This space offers accomodations for: street retail.