Investment Overview

This Avis anchored three building auto assemblage is 100 percent occupied by a complementary mix of automotive tenants. Avis has operated at the site since 1986, demonstrating long term commitment. Both Avis and Vivid Automotive feature 3 percent annual rental increases. Tons of Tires executed an early five-year renewal with 5 percent annual rent increases. The property is strategically located just off the interchange of Interstates 465 and 69, which together sees approximately 289,600 vehicles per day, and has frontage along East 82nd Street with over 49,000 vehicles per day. The asset sits within a dominant retail corridor near Castleton Square Mall, ranked in the top 4 percent of U.S. shopping centers by visits, and is surrounded by national retailers. The site also benefits from proximity to key community anchors, including Community Hospital North and Lawrence North High School, within an affluent and dense trade area featuring over 114,000 employees within three miles and average household income near $120,000.