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855 Saint Georges Avenue

KPOT Korean BBQ & Hot Pot Leases 12.3K SF At Woodbridge's St. Georges Crossing
LEASEDRetail

KPOT Korean BBQ & Hot Pot Leases 12.3K SF At Woodbridge's St. Georges Crossing

855 Saint Georges Avenue

Building Size

12,300 SF

Asset Type

Retail

Closing

Nov 30, 2023

AI

KPOT Korean BBQ & Hot Pot has leased a 12,300 square foot retail space at 855 Saint Georges Avenue in Woodbridge's St. Georges Crossing. The contemporary all-you-can-eat restaurant will offer a unique experience that combines Asian hot pot and Korean barbecue flavors. The lease was facilitated by LMC, the managing agent for the shopping center, with the expectation that KPOT will enhance the center's appeal and contribute to the diverse tenant mix at the location.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not provided
  • Square Footage: 12,300
  • Address: 855 Saint Georges Avenue
  • Market: Woodbridge

KPOT Korean BBQ & Hot Pot's lease was facilitated by LMC, the managing agent for the shopping center. The landlord's representative in the deal was E.J. Moawad from LEVIN Management, while Stephan Miller from Welco Realty represented the tenant. The addition of KPOT to Woodbridge's St. Georges Crossing is expected to enhance the center's appeal with its unique concept and contribute to the diverse tenant mix at the location.

Players

E.J. Moawad

LEVIN Management

Broker

7 deals

Broker

Woodbridge Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93