| Narcoossee Commons is a 36-unit, six-building, unanchored retail center spread across two separate parcels. The asset is 84.5% occupied |
| 30 of the 31 tenants have NNN leases, helping stabilize the cash flow by reducing landlord responsibilities at the property |
| Of the 31 occupied units, 27 units have leases with annual rent increases ranging from 2-5%, providing increasing NOI as a hedge against inflation |
| The six buildings were newly constructed in 2021 and 2025, reducing the likelihood of large capital expenses in the near future |
| Approximately 75,000 existing and upcoming residential units within the immediate area |
| St. Cloud City Planning estimates continued expansion to approximately 108,000 residents by 2050 |
Ari Ravi
RIPCO Real Estate
