Shoppes of Tylersville
Strategic Exit Following
Value-Add Execution
Property Overview
Asset Name: Shoppes of Tylersville
Asset Type: Retail Center
Size: 36,211 SF
Occupancy: 86%
Challenge: Value-add repositioning for a profitable and strategic disposition
The Situation
The Shoppes of Tylersville was initially acquired through auction as a value-add opportunity. At acquisition, the property included multiple vacancies and underutilized outlots—presenting a clear opportunity to enhance performance and value.
The Strategy
Post-acquisition, ownership implemented a strategic repositioning plan - selling off the vacant outlots for profit while aggressively leasing remaining vacancies to stabilize occupancy. These targeted efforts significantly boosted the property’s Net Operating Income (NOI), effectively stabilizing the asset and enhancing overall value - setting the stage for a strong disposition.
With performance optimized, our team recommended marketing the property through a Ten-X auction to leverage national digital reach and create competitive buyer engagement.
The Execution
Our data-driven marketing strategy generated immediate traction. The campaign attracted 126 executed confidentiality agreements and 7 approved bidders—signaling strong market interest and a high level of buyer confidence.
Due to the quality of buyer activity and the strength of the offering, we were able to negotiate a pre-auction sale that met seller expectations and accelerated the timeline.
The Results
Time to Close: 65 days from listing to closing
Buyer Activity: 126 confidentiality agreements, 7 qualified bidders
Cap Rate at Sale: 8.62%
Result: Early, pre-auction sale secured through strong campaign performance
Conclusion
The Shoppes of Tylersville illustrates the effectiveness of pairing value-add investment strategies with a well-executed digital auction campaign. By combining NOI growth with the urgency and exposure of a Ten-X auction, we helped the seller achieve a timely and profitable exit.