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Retail Space at Brick Boulevard

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bed 4
bath 2
area 1774 Sqft
year 2024
$2,269,900 Purchase Price i This is your custom tooltip message!
$1,995 Rent / Mo i THE INFORMATION WILL POP UP HERE ON HOVER
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9.5% Anticipated Yield i This is your custom tooltip message!
High Investment Risk i This is your custom tooltip message!
9.3 / 10 Expert Rating i This is your custom tooltip message!
4.8 / 5.0 Review i This is your custom tooltip message!
$1000

Minimum quantity for "Retail Space at Brick Boulevard" is 10.

About Seller
Customer 1 Customer 2 Customer 3
78% Rise in new investors investing our Assets
4.9 Expert Rating
31 Total Products
5k+ Trusted Customers
78% Return Customers
Total Revenue
$10,850.10
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Offering Details

Vendor transferred his property’s deed to a new LLC and is selling a portion of the LLC on the AskLego Marketplace. 

The property is the only asset owned by the LLC. 

The FOS (Fractional Ownership Share) represent direct ownership in the LLC that owns the property. Vendor will maintain atleast 10% ownership in the LLC indefinitely. 

View proof of Vendor ownership prior to the title transfer and proof of the title transfer. View the LLC Documents here

Common Questions
How Arrived works +

Arrived acquires rental properties into an LLC and sells shares in that LLC to the general public. Arrived then manages the day to day operations including finding tenants and completing repairs. Investors receive cash dividends from rental income each quarter and capture any property value appreciation.

What returns can I expect +

Investing in Arrived rental properties can deliver returns to investors in two different ways:

  • Expected dividends: From the rental income on each property; currently paid out to investors monthly.
  • Appreciation: From the change in property value that will be realized at the end of the investment hold period.
What to expect if my property is still seeking a tenant +

We are currently focused on marketing the rental homes to prospective tenants and will email you when a new lease has been signed. Arrived's strategy for seeking tenants is focused on signing 2 year leases, achieving market rent, and thoroughly vetting applicants. Though it may take a bit more time to lease out the homes, we believe these standards provide our investors the best way to maximize returns over the long term.

Diversification +

With real estate, it can be beneficial to invest in multiple properties and markets to achieve portfolio diversification. Diversifying your portfolio can be a good way to reduce exposure to risk from an individual property, tenant, or market forces.

Investing horizon & liquidity +

Currently investors will need to plan to hold their shares for the full investment period until the property is sold and investors are paid their proportional proceeds from the sale. We anticipate establishing a mechanism to facilitate secondary trading in accordance with the rules and regulations of the U.S. Securities & Exchange Commission (SEC) as an option for liquidity during the investment period, however there can be no guarantee when that will be available. Please submit your email if you would like to be notified of future developments.

Arrived strives to give investors the opportunity to build wealth through real estate. Historically, real estate returns have been maximized when treated as a long-term investment over multiple years. Arrived property offerings typically have a 5 year minimum investment period before a property would be sold.

Disclaimer +

There is currently no public trading market for our Interests, and an active market may not develop or be sustained. There is no guarantee that appropriate regulatory approval to permit such secondary trading will ever be obtained. If an active public trading market for our securities does not develop or is not sustained, it may be difficult or impossible for you to resell your shares at any price before the end of the investment period. Even if a public market does develop, the market price could decline below the amount you paid for your shares, and there may be fees involved. Please refer to our offering circular for more details regarding potential distributions.

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Retail Space at Brick Boulevard
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This retail anchor space offers an unparalleled investment opportunity, combining visibility, accessibility, and a strong local demographic. Below is a comprehensive overview of the space, including analytics, pros and cons, demand insights, and growth potential.

Key Features

  • Location: Prime corner lot on Brick Boulevard, south of Route 70.
  • Space Size: 24,000 sq. ft., fully renovated in 2015.
  • Traffic & Visibility: Approximately 40,000 vehicles pass daily; freeway and pylon sign visibility.
  • Accessibility: Traffic light corner, wheelchair accessible, ample parking.
  • Amenities: Central air and heating, private restrooms, drop ceilings, signalized intersection.
  • Condition: Fully built out as standard retail space; excellent condition.
  • Flexibility: Space can be divided into two units to accommodate varied tenant needs.

Pros and Cons

Pros

  • High Foot Traffic: Situated in a bustling area with robust demographics.
  • Strategic Location: Corner lot with freeway visibility and signalized intersection enhances accessibility.
  • Demographics: Strong median household income of $87,037, supporting high consumer spending.
  • Potential for Diverse Tenants: Flexible layout caters to various industries.
  • Nearby Amenities: Proximity to restaurants, retail outlets, hotels, and transportation hubs.

Cons

  • Additional Costs: Lease rate excludes utilities, property expenses, and building services.
  • Limited Walkability for Long-Distance Shoppers: Most visitors rely on vehicles due to suburban layout.
  • Age of Renovations: Although fully renovated in 2015, certain aesthetic or infrastructure updates may be needed depending on tenant requirements.

Analytics and Insights

Demand Indicators

  • Population Growth:
    • 2024 Population within 5 miles: 198,165.
    • Projected 2029 Population Growth: 5.6%.
  • Daytime Employees: Over 70,000 within a 5-mile radius, indicating strong daytime traffic.
  • Households: 67,451 within 5 miles, with a median household income of $79,898.

Spending Habits

  • Total Consumer Spending within 5 miles: $2.4 billion.
  • Categories:
    • Food & Drink: 26.9>#/li###
    • Transportation: 26.2>#/li###
    • Household: 16.7>#/li###
    • Entertainment: 14.3>#/li###

Real Estate Value

  • Average Home Value within 5 miles: $396,890.
  • Commercial Viability: Strong household income and home values suggest sustained spending power.

Growth Potential

  • Projected Population Increase (5 years): 5.6% within 5 miles, indicating steady market growth.
  • Average Household Income (5 miles): $105,849, reflecting a consumer base capable of discretionary spending.
  • Businesses: 9,044 within 5 miles, supporting potential tenant interest.

Potential Rental Earnings

  • Lease Rate: Not specified; market analysis suggests competitive pricing given location and amenities.
  • Comparable Retail Spaces: Average rental yields in the area range from 6%-9% annually, depending on tenant mix and occupancy rates.

Ideal Tenant Mix

  • Retail: Apparel, convenience, home goods.
  • Food & Beverage: Quick-service restaurants, cafes.
  • Services: Financial services, daycare centers, fitness facilities.
  • Specialty Retail: Custom furniture, boutique stores.

Conclusion

This retail space on Brick Boulevard offers an excellent opportunity for investors or tenants seeking a prime, highly visible location with strong demographic support. Its flexible space configuration, strategic location, and proximity to a growing and affluent consumer base make it a standout choice in the region.

Investment Strategy Hypothetical Returns

Single Family Residential

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Investing with Arrived can generate returns in 2 ways:
  1. Annual cash flow from the rental income on each property. The property intends to pay out excess cash to investors monthly.
  2. Annual appreciation returns from any changes in property value. Any appreciation returns net of disposition costs will be paid out upon the sale of the property.
Anticipated Annual Cash Flow


Annual Rent
$26,340
Operating, Financing, Legal & Management Expenses
$9,584



Cash Flow / Dividend
$16,756



Raise Amount
$398,950

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