Property Profile
Unanchored neighborhood retail
10,000–50,000 square feet
Minimum 5-year operating history
Location Profile
Dense neighborhood population or significant daytime population
Robust household incomes in the immediate trade area
High traffic counts
Markets with economic stability including top 50 MSA’s, select college towns, or established tourist areas
Tenancy Profile
Lack of tenant concentration
Established local tenants
Internet and Amazon resistant uses (food and beverage, service, medical, etc.)
At or below market rents
Economic Profile
$2M to $25M
Stabilized or value add
Loan assumptions considered
Last Mile Advantage
45+ years of experience in shopping center investment and operations
A dedicated analyst team
Certainty of closing
Brokers protected
Target Markets
Strategic Acquisitions
In addition, Last Mile Investments targets high quality portfolios and companies with similar fundamentals as outlined above, including those where a portion is comprised of other asset types (mixed use, grocery, power, among others). Last Mile Investments is not limited geographically for these opportunities, thus will consider investments across the entire United States.