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Acme Capital

Pipeline/Riverfront Retail Center

Riverfront Retail Center

Demo
Austin, TXMapRetailvia Marcus Chen – JLLDue Diligence

Stage Checklist

Due Diligence

Demo data2 of 4 complete
Order Phase I environmental report
Review and verify rent rolls
Complete legal review and title search
Finalize financing and term sheet

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Overview

Demo data
Anchored retail strip center, 62,000 SF, Austin TX. Anchor tenant is a national grocery chain with 7 years remaining on lease. Strong foot traffic location.

Risks

Demo data
- Two junior anchor spaces vacant - Retail sector uncertainty - Cap rate compression in Austin may limit exit

Notes

Demo data
Off-market deal sourced through Marcus Chen. Competing with two other buyers. Need IC approval by Friday.

Financial Snapshot

Demo data

Purchase Price

$18,200,000

NOI

$1,092,000

Cap Rate

6.00%

Debt Rate

6.50%

LTV

65.00%

Projected IRR

15.20%

Grocery anchor drives stability. Value-add from junior anchor lease-up.

Underwriting Score

Demo data88/100

88

out of 100

8 of 8 criteria scored

Location Grade

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High-traffic Austin retail node with strong consumer demographics and limited new supply in the immediate trade area.

Tenant Quality

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National grocery anchor provides investment-grade credit with 7 years of remaining lease term.

Lease Term Remaining

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Grocery anchor WALT of 7 years delivers long-term income stability and supports favorable financing terms.

Debt Coverage Ratio

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At current NOI, DSCR is comfortably above 1.30x even under moderate stress assumptions.

Cap Rate vs Threshold

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6.0% going-in cap rate meets our acquisition threshold with clear upside from junior anchor lease-up.

Market Demand

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Austin retail fundamentals remain strong; grocery-anchored centers continue to outperform the broader retail sector.

Physical Condition

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Building is functional but aging; deferred maintenance on the parking field and facade is estimated at approximately $400k.

Exit Strategy Clarity

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Stabilize junior anchor spaces and exit at a tighter cap — well-defined value creation path with identifiable milestones.

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Contacts

Demo data
Marcus ChenbrokerSource

JLL

David Parklender

Pacific Western Bank

Decision Log

Demo data
Deal Createdabout 2 months ago

by Alex Rivera

Stage Changedabout 2 months ago

New → Screening

by Alex Rivera

Stage Changedabout 1 month ago

Screening → Due Diligence

by Alex Rivera

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