Retail80% Occupancy

Buffalo Mall and 9-acre adjacent development land, Naivasha

Excellent retail investment with significant asset management potential in Naivasha.

Naivasha

Indicative Value

Ksh 680,000,009

KSh: Ksh 680,000,000

USD: $5,000,000

Net Yield

11%

Institutional Grade

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Buffalo Mall and 9-acre adjacent development land, Naivasha
ASSET VIEW: 1 / 3

Strategic Overview

Summary • A unique investment opportunity strategically located on the northwest edge of Naivasha Central Business District, approximately 95 km and a 90-minute drive from Nairobi. • The property is situated immediately off Moi South Lake Road and benefits from direct access from the Nairobi-Nakuru highway. Its location makes it conveniently accessible to both transit and local traffic. • It comprises circa.58,965 square feet Gross Lettable Area (GLA) retail mall known as Buffalo Mall and an adjoining circa. 9 acres land parcel, both properties part of a 44.45-acre masterplan with a 99-year leasehold title from June 1, 2004. • Buffalo Mall sits on circa. 5.5 acres and features 33 units of various sizes, accommodating a diverse mix of tenants including restaurants, department stores, and smaller independent retailers. It also includes ample parking of 200 bays, enhancing convenience for shoppers and contributing to an overallpositive retail experience. • The Mall’s strong tenant mix includes renowned regional retailers such as Chandara Foodplus, Nairobi Java House, Goodlife Pharmacy, Bata, Optica and Healthy U.

Investment Matrix

Monthly NOI$30,000
Annual NOI$360,000
Total ROI Target16%

Specifications

Tenure70+ years on lease
Size15 acres

Features

  • 24hr Security
  • Car parks
  • Toilet
  • Disabled facilities

Institutional Mandate: This memorandum is confidential and provided for qualified investors only. Past performance is not indicative of future returns.