Stonecrest Festival- SOLD

Property Highlights
• 17,000 +/- SF Retail Center
• New 5 & 10 Year Leases
• CAP Rate: 8% On Existing NOI
• 13.27 % – 10 year Leveraged Return
• Part of the Mall at Stonecrest Master Plan

 

SURROUNDING RETAIL
Stonecrest Festival is a part of the 1,100 Acre Mixed Use Master Planned Stonecrest Mall Property. Stonecrest Mall is classified as a Super Regional Mall and contains 1.3 Million SF of Retail with 120 stores and is anchored by Sears, Dillard’s, Macy’s, JC Penney. Also attached to the mall is an AMC Movie Theater location. It services 11,000,000 shoppers per year. There are approximately 450,000 residents within 10 miles of the site.

Recent Announcements within the Mall include the following:
– H&M the European apparel retailer just announced today it is adding a 21,000 SF store at Stonecrest
Mall.
– Round One Entertainment from California received County approval for its new 50,000 SF
entertainment center now being built.
– Victoria’s Secret is opening a new 8,000 SF store.
Announcements/Openings in the immediate area include the following:
• Nalley Automotive Group is opening a new 3.8 Million Dollar Hyundai Dealership to complement its
existing Kia and Toyota stores.
• New Wal-Mart has been built and opened adjacent to the Sam’s.
•  SAVVI Formalwear (2,500 sf), and House of Linens (7,000 sf) opening in Stonecrest Festival shopping center.

Stonecrest Mall    

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Stonecrest Market View

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