Bryans Road Center

Overview

Bryans Road Shopping Center is Nile Equity Group's latest acquisition, offering immediate cash flow and strong repositioning potential. Acquired for $6.2 million, with 18% vacancy, the asset required minimal capital expenditures with significant NOI upside. By implementing new management and an aggressive leasing strategy, the property is on track for stabilization at 92%+ occupancy. The center currently has 15 retail tenants across 67,000+ square feet.

Highlights

• 67,000+ sq ft
• 15 retail tenants
• 18% vacancy at acquisition
• Projected value $11M+ upon stabilization