You need to be logged in to view this video

Limited CRE Deal: Renovated NJ Center with Major Value-Add | 15.4% Return

Released on Tuesday, March 8, 2022•REAL ESTATE

Share
Facebook Twitter LinkedIn SMS

Join First National Realty Partners' Managing Director, Drew Carpenter, as he presents a company overview, the benefits of investing in grocery-anchored commercial real estate, and will unveil one of our recent acquisitions, Eagle Plaza. First National Realty Partners, one of the nation's premier sponsors of commercial real estate partnerships, is proud to present the opportunity to invest in a grocery-anchored multi-tenant shopping center located in Voorhees, New Jersey. Eagle Plaza is a occupied, institutional quality, market dominant, 227,333 SF grocery-anchored shopping center. Plaza is anchored by a top-performing Acme, generating strong foot traffic and annual sales. This center also features many other high-quality, national tenants including Ross, Mattress Firm, T-Mobile, Chipotle, and more.

This property will provide investors with the opportunity to earn long-term cash distributions with exciting potential for upside through the execution of several value-add tactics.

Financial Projections:

+15.4% Targeted Annual Return
+6.8% Targeted Avg. Annual Cash Distribution
+1.5x Targeted Equity Multiple
+3-Year Targeted Hold

Drew Carpenter

First National Realty Partners, Managing Director

Drew Carpenter is a managing director at FNRP and has been involved in real estate and equity investing for nearly two decades across a broad range of asset classes. His experience ranges from single-family value add investing and short-term rentals, multi-family, and grocery-anchored value add CRE with FNRP. Based in Denver, CO, Mr. Carpenter is an active biplane pilot, brand strategist, and frequently requested speaker.