Alexandria Development Site 209 N Nokomis St

Property portfolio consists of potentially up to 2 buildings and land. There is 209 Nokomis a 5,518 SF retail building formerly occupied by BK and C-Store. There is also a 9,000 SF retail building currently occupied by TireMaxx. Adjacent to the two retail buildings on the hard corner there is about 1/2 acre of land that could be available for a ground lease or maybe a sale. The entire portfolio consists of 3.76 acres of land. There is redevelopment potential for the Former BK & C-Store (Northside Plaza) on its own or the entire 3.76 acre site. There is a potential for a sale leaseback with existing tenant TireMaxx if the entire site was to be sold / redeveloped. A sale leaseback with the Tiremaxx is not required for the portfolio to trade, and in that case the TireMaxx tenant could vacate or stay. In other words, there are several parcels available, including buildings that could remain or be razed. It could very well be a redevelopment site or an opportunity whereby some straightforward building leasing could occur. Owner’s preference is potentially entering into a ground lease on all 3.6 acres.