Strong Tenancy: 83% of the property leased to nationally recognized, credit-worthy tenants.
Long Lease Term: Average WALT of 7.4 years, with almost 10 years remaining on Kohl’s lease, providing stability and a steady income stream.
High Occupancy: Currently, the center is operating at a 98.7% occupancy rate, minimizing vacancy risk.
Tenant Loyalty: Approximately 89% of the tenants have been part of the center for a decade or more, demonstrating their commitment to the location and its performance.
Market Suitability: The tenant lineup is well-tailored to the local market, ensuring they effectively meet the needs of the community and contribute to the center’s success.