$HIHI Acquisition of the 3 top performing building
Post# of 35642
(Total Views: 143)
Posted On: 07/19/2017 10:08:33 AM
$HIHI Acquisition of the 3 top performing buildings would give HIHI a monopoly on the local retail markets and, it will create synergy from its related services and proximity to the Medical Clinics.
The 3 buildings consist of Sunfest Market, the most popular grocery store in the area; Powell's Hardware, a very successful regional chain; and, Fred's Discount and Pharmacy, a top performing store in the regional chain.
Combined, these buildings have 51,000 SF of rental space on 3.5 acres, and they generate ~ $ 190, 000 of annual net lease income at a 9.2 % ROI.
Acquisition costs are as follows: 1) Sunfest - $1,000,000 M, 2) Fred's - $ 660,000, 3) Powell's - $ 340,000.
http://www.marketwired.com/press-release/holi...226737.htm
The 3 buildings consist of Sunfest Market, the most popular grocery store in the area; Powell's Hardware, a very successful regional chain; and, Fred's Discount and Pharmacy, a top performing store in the regional chain.
Combined, these buildings have 51,000 SF of rental space on 3.5 acres, and they generate ~ $ 190, 000 of annual net lease income at a 9.2 % ROI.
Acquisition costs are as follows: 1) Sunfest - $1,000,000 M, 2) Fred's - $ 660,000, 3) Powell's - $ 340,000.
http://www.marketwired.com/press-release/holi...226737.htm
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