NAI Partners Negotiates 7,613 SF Retail Lease For Sally Beauty At Cypress Landing Shopping Center
3040 Farm to Market 1960 Rd E, Hous...
Building Size
7,613 SF
Asset Type
Retail
Closing
Nov 22, 2023
AI
The property asset involved in this transaction is a retail space located at 3040 Farm to Market 1960 Rd E, in the Waupaca market. This retail lease encompasses an area of 7,613 square feet and is situated within the Cypress Landing Shopping Center, which spans a total of 29.1 acres and was built in 1980.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Disclosed
- Address: 3040 Farm to Market 1960 Rd E
- Square Feet: 7,613
- Market: Waupaca
- Landlord's Representative: Patrick Keegan - NAI Capital
- Landlord: Unknown
- Representative of Tenant: Not Disclosed
The key individuals involved in the deal include Patrick Keegan and Jason Gaines of NAI Partners, who represented the landlord during the lease negotiations. The representative of the tenant, Sally Beauty Holdings Inc., was not disclosed in the transaction details.
Players
Waupaca 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