Holt Capital Portfolio

PROPERTY DESCRIPTION AND HIGHLIGHTS

• 2,000 Square Foot Single Tenant building leased to FedEx Office and Print Supply (1,800 locations)

• Ideally positioned at “main and main” of the Jackson, Mississippi Central Business District

• Completely redeveloped for the Tenant – virtually all new construction THE STORY In 2015 FedEx Office was in need of a new location in Jackson, MS. FedEx worked with HoltCap as their developer to identify and redevelop a site for them. In January 2016, Capitol Street Investments, LLC (100% owned by HP), purchased and redeveloped a downtown Jackson building on a 10 year corporate Lease to FedEx Office.

• The cost of the redevelopment (building + construction hard and soft cost, etc.) was $300,000. Upon completion the building was valued at over $500,000.

PROPERTY DESCRIPTION AND HIGHLIGHTS

• 56,605 Square Foot Shopping Center in Lafourche Parish, LA

• Anchored by Stage, Dollar General, Hibbett Sports & Fastenal

• Acquired for $28 PSF (Significant Discount to Replacement Cost)

• Ideally Positioned in a Trade Area with Limited Competition

THE STORY

• In 2014, HP led a joint venture that sourced and acquired a 56,605 square foot shopping center in Lafourche Parish, LA for $1,575,000. The property was purchased from a New York REIT that had neglected the property. At the time of acquisition, the property was 74% occupied with two of the national Tenants planning to vacate the property. In less than two years’ time, HoltCap increased occupancy to 91% and the value to over $2,500,000. 

PROPERTY DESCRIPTION AND HIGHLIGHTS

• HoltCap along with a group of investors acquired this 81,000 square foot shopping center anchored by Tractor Supply and Citi Trends. The property was 68% occupied at acquisition with a $345,000 NOI.  The property is located at the highest trafficked intersection in Pensacola

• Major economic growth in the market with Navy Federal adding nearly 20,000 jobs to the market at the HQ which is less than 8 miles from the shopping center.  In 2020, the partnership acquired a former bank on the outparcel and leased the building prior to closing on the outparcel acquisition.  Plaza North is presently 93% occupied with an NOI of $550,000 and has been valued at +/- $6,750,000. 

PROPERTY DESCRIPTION AND HIGHLIGHTS

• 65,000 Square Foot Kroger Anchored Shadow Center

• Anchored by Rite Aid, Hibbett Sports, Cato, Snap Fitness and Twice as Nice

• Located in Nicholasville KY (7th Fastest Growing City in KY and within the Lexington MSA)

• Immediately Next to a High Volume Kroger (Reportedly doing $32,000,000 in Gross Sales)

THE STORY

• In 2013, HP led a joint venture that sourced and acquired a 65,000 square foot shopping center in Nicholasville, KY (Lexington MSA). The property was purchased from a lender. At the time of acquisition, the property was around 81% occupied. Immediately upon acquisition, leasing and management efforts were intensified and through close relationships with national retailers, two new leases were signed with credit tenants increasing the occupancy rate to 96%. The anchor Tenant (local Peddlers Mall) was replaced with Ollies Bargain Boutique, traded as NASDAQ: OLLI, at a higher rental rate and long term lease. The property is now valued at $4,500,000.