TIGER TOWN

Opelika, Alabama

 

• Tiger Town is indicative of the type of investment opportunity MRP considers compelling.

• Attractive Entry Point Cap Rate

• Exceptional Retailer Performance from existing anchors

• Durable income stream from grocer and anchor with shop space to anchor ratio of less than 10%

• University-town growth dynamics

• Material upside with adjacent land parcel deal making

 

Minimal risk of shop space leasing exists with an anchor to shop space ratio under 10%. Significant upside potential rests in the conservative deployment of out parcels over a period of years. At stabilization, our analysis forecasts a 400 basis point improvement in yield-on-investment.

 

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