Dunleavy Drive
Cardiff CF11 0SR
Dunleavy Drive Retail Park · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Destination drive thru restaurant and nursery anchored retail cluster serving the wider Cardiff Bay area
- Income provides WAULT of c8.6 years with c18% subkect to 5 yearly RPI reviews
- Tenants include Starbucks, Burger King, Majestic Wine & Green Giraffe Nursery
EXECUTIVE SUMMARY
Dunleavy Drive Retail Park provides an important F&B and lifestyle component of the wider retail offer serving Cardiff Bay in the form of the adjacent retail park, IKEA and Asda and Morrisons foodstores.
Occupiers include Burger King & Starbucks in modern drive thru units, together with a children's nursery and off-licence which generates strong football on what is an easily accessible and well configured site.
The former Energie Fitness unit is under offer to an established UK retailers (10 yr lease - TOB at yr 5) - the vendor will be responsible for associated letting incentive costs.
Occupiers include Burger King & Starbucks in modern drive thru units, together with a children's nursery and off-licence which generates strong football on what is an easily accessible and well configured site.
The former Energie Fitness unit is under offer to an established UK retailers (10 yr lease - TOB at yr 5) - the vendor will be responsible for associated letting incentive costs.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Building Size
18,859 SF
Building Class
C
Year Built
2007
Price
$6,029,343
Price Per SF
$319.71
Cap Rate
7.90%
NOI
$476,318
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
2.50 AC
Parking
135 Spaces (7.16 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Restaurant
- Signage
- Drive Thru
