Strip Center Criteria
AWM Equity is focused on investing in competitively-priced, value-add strip center assets with moderate vacancies and/or tenants nearing end of lease term
Purchase Price
Price: $0.0M - $2.5M
Going-In Cap Rate: 6.5% or greater
Property Characteristics
2,500 SF - 10,000 SF multi-unit building located on well-trafficked roads (20,000+ VPD) with high-visibility and multiple points of access
Demographics
Population: 70,000
AHI: $65,000 or greater
Crime Rate: Violent Crimes Under 25 per 1,000
Tenants
E-commerce resilient tenants with a mix of national and local retailers. Leases should feature some reimbursements or be close to expiration
Geography
Midwest and South-focused, with interest in suburban markets adjacent to large cities (e.g., Indianapolis, Chicago, Nashville, etc.)
STNL Criteria
AWM Equity is focused on investing in competitively-priced, well-located STNL assets with tenants nearing end of lease term
Purchase Price
Price: $0.0M - $1.5M
Going-In Cap Rate: 6% or greater
Property Characteristics
2,500 SF - 5,000 SF building located on well-trafficked roads (20,000+ VPD) with high-visibility and multiple points of access
Demographics (3-Mile)
Population: 70,000
AHI: $65,000 or greater
Crime Rate: Violent Crimes Under 25 per 1,000
Leases
- Near-term lease expirations with under 5 years left on total lease term (including options)
- NNN (or NNN-friendly markets)
Note we will not consider discount retail stores (e.g., Dollar General) or Ground Lease ownership structures
Geography
Midwest-focused, with interest in suburban markets adjacent to large cities (e.g., Indianapolis, Chicago, etc.)