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3040 Farm to Market 1960 Rd...

NAI Partners Negotiates 7,613 SF Retail Lease For Sally Beauty At Cypress Landing Shopping Center
LEASEDRetail

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

Patrick Keegan

NAI Global

Broker

4 deals

Broker

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