Bryans Road Shopping Center is Nile Equity Group’s latest acquisition, offering immediate cash flow and strong repositioning potential. Acquired for $6.2 million, with 18% vacancy, the asset required minimal capital expenditures with significant NOI upside. By implementing new management and an aggressive leasing strategy, the property is on track for stabilization at 92%+ occupancy. Upon stabilization, the projected value exceeds $11 million.
The center currently has 15 retail tenants across 67,000+ square feet.