5 Building, 13 Unit Retail Portfolio
+/- 17,000 SF of Multiple Retail Buildings
When KNL Group took over the management in May 2015 the properties were 15% vacant, with all tenants paying under market rents without any NNN fees. Since being under the management of KNL Group, all vacancies have been filled, and all of the leases have been reworked to include NNN fees covering the property taxes and maintenance.
Net change to the ownership is stabilized hands-free properties, an increase in annual rents of nearly $120,000 and the reimbursement of more than $20,000 in property taxes.