Troy Shopping Center

• Value-Add Opportunity: The property’s 1.3-year WALT provides near-term flexibility to increase rents, restructure leases, and re-tenant spaces.
• Significant Lease-Up Opportunity: Approximately 11,000 square feet of vacancy provides investors the opportunity to substantially increase occupancy, enhance cash flow, and create long term value.
• Below Market Rents: Tenants are paying below-market rents, presenting a pathway to near-term upside, highlighted by the largest tenant, occupying 41.6% of GLA, with its lease expiring in June 2027.
• Flexible Exit Strategy: Ability to stabilize cash flow, execute lease-up strategy, or redevelop the property.
• Attractive Price Per SF: Low cost per square foot equates to potential lower risk and higher upside in the future.
• Established Retail Corridor: Located directly on Albemarle Rd, Troy’s primary commercial corridor.
• Ideal Frontage, Access, and Visibility: Excellent frontage with two access points in a well-trafficked area.
• Growing Tourism Economy: Montgomery County continues to invest in recreation infrastructure and tourism.
• Dense Population Base: Strong residential density, which supports neighborhood retail demand.
• Affluent Suburb: The average household income in a 2-mile radius is north of $73,000