The intensely developed retail corridor in the vicinity of the Cordova Collection at Dexter is a reflective of the affluent and stable surrounding suburban neighborhoods. Within a 15 minute drive of the property is a population of 225,493 with an Average Household Income of $90,087. Of importance to the restaurants and other tenants in the center is the daytime population of 130,391 within a 15 minute drive which supports lunchtime traffic for the restaurants and daytime patronage for the retail and service tenants.
Original leasing in the subject property includes Huey’s (recently expanded 1,000 sf) and El Porton (5,040 sf) in the 27,692 sf Phase I which was constructed in 1994. Approximately 30% of the entire center has been in occupancy since 2004 when phase II, with 23,166 sf was added to the center. The center has historically maintained a high stabilized occupancy and is currently 95% occupied.
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