Located in Charleston, USA, this commercial property offers an opportunity for investors with a price per share of $15,000 and an estimated minimal return of 8.6%. The property is valued at $20,036,785 and is known as Montague Corners, a $2.0M LP equity investment for the acquisition of a 96% occupied, 107K square foot neighborhood shopping center.

Built in 1987, this property boasts a strong tenant base with 61% of its gross rentable area leased to national credit tenants such as Planet Fitness, Dollar General, Save-a-lot, and Harbor Freight. The Sponsor was able to secure the property at a purchase price that represents a 26% discount to comparable transactions, ensuring a solid investment opportunity.

The Sponsor plans to enhance the property's cash flow through leasing and monetizing two out parcels that currently provide no income. With an average remaining lease term of 3.4 years, there is potential for increased revenue as leases expire and rents are raised to market rates. The anchor tenant, Planet Fitness, is backed by a corporate guaranty, adding to the property's stability.

With little deferred maintenance anticipated due to a recent $4M renovation by the Seller, this property is poised for growth. Local retail demand is expected to increase with a 300+ unit development on the adjacent lot set to be completed in the fall of 2024, further enhancing the property's value.

The Sponsor, a partnership between O’Connor Capital, Woodlock Capital, and Sopris Capital, brings extensive experience and national leasing relationships to the table. With O’Connor Capital's $5.5 billion in AUM and ownership of ~10M SF of retail property, along with Woodlock Capital's local tenant leasing expertise, investors can trust in the success of this investment opportunity.