- Project Type: Retail
- Acquisition: Build
- Strategy: Lease
- Total Finish out Cost: $445/sq ft
- Project Avg Rent: $40+NNN/sq ft
- Land Size: 3 Acres
- Total Build sq ft: 24,000 sq ft
- Ground Up Construction of 24,000 sq ft Retail Strip in Frisco next to Lexington community on Main St.
- Acquire land, build, lease and sell for a premium market Cap Rate
Five Reasons we like this deal
- Excellent Location – Most prestigious location next to Lexington
- Average Household income in 2 Mile radius is $284,000
- Strong Value add proposition and business plans
- Premium Retail Strip Construction – Neighborhood of Patel brothers and other Premium Drive through restaurants
- Most of the pre-sales for commercial in the neighborhood is sold for $495 – $520/sq ft for shell space. We are at very high advantage with our land acquisition and build cost.
- Property will be on 1 single entity with all 35 shareholders as owners with respective ownership percentages
- Entity Name: Anvaya Lexington Park LLC
- A Legal operating partnership agreement will be prepared by attorney on the ownership
- GP’s will be managing the property, communications, coordination work
$3.5M
Capital Raising
35
No of Shares
75% - 80%
Expected Returns
36 - 48 Months
Project Duration
$50k
Cost Per Share
$22/Sqft
Price
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