JUST LISTED FOR OUTRIGHT SALE — PURPLE MARYLAND MALL

*💜 JUST LISTED FOR OUTRIGHT SALE — PURPLE MARYLAND MALL 💜*
*THE ONLY GRADE-A NEIGHBOURHOOD MALL ON THE MAINLAND — INCOME PRODUCING ASSET*

*📍 Maryland, Ikeja – The Gateway Between Mainland & Island — 2 Mins to Ikeja City Mall*

This is not a plaza. This is *PURPLE MARYLAND* — The most profitable, institutional-grade neighbourhood mall on the Mainland. Fully tenanted, fully air-conditioned, with the *BIGGEST LED ADVERTISING SCREEN IN WEST AFRICA.*

*OWNER WANTS TO EXIT — SELLING 100% FREEHOLD INTEREST*

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*THE ASSET:*
– *Land Size:* 7,700 SQM
– *Lettable / GLA:* 6,400 SQM
– *Title:* C of O – Clean & Verifiable
– *Type:* Grade A Neighbourhood Mall — Fully Air-Conditioned, Escalators, Lifts, Fire Systems, Central Power
– *USP:* Biggest LED Screen in West Africa facing Ikorodu Road — Sees 2 Million+ eyeballs daily

*PRICE: ₦30 BILLION (Slightly Negotiable)*
_Valuation: At 5% cap rate on triple net — Cheap for a Grade A Mall. Ikeja City Mall sold for $100M+_

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*💰 INCOME BREAKDOWN — REAL NUMBERS:*

*1. GROSS RENTAL INCOME: ~ ₦1.06 Billion per annum (This Year)*
– Triple Net Leases — Tenants pay Rent + Service Charge + Utilities — All pass-through
– Owner collects rent NET — No diesel, no service cost headache
– Leases have built-in escalation of *5% – 12% per annum* — Income grows automatically
– Anchor tenant (Market Square) has overage rent — Once sales threshold is passed, mall gets extra % — Threshold ALWAYS surpassed yearly

*2. ANCILLARY INCOME:*
– *Advertising (LED Screen + In-mall): ~ ₦400 Million per annum* when managed properly
– *Parking: ~ ₦20 Million per annum*

*TOTAL GROSS INCOME: ~ ₦1.4 – ₦1.48 Billion Per Annum*

*This is NET to owner because service charge & diesel are borne by tenants per lease agreements.*

*USD PEGGED:*
Rents are pegged to USD and payable in Naira at negotiated rates — Hedge against Naira devaluation. Landlord protected.

Rent per sqm is based on size and floor — Ground floor highest.

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*🛒 TENANT MIX — BLUE CHIP:*
– *Market Square* — Anchor Grocery
– *Genesis Restaurant & Cinema*
– *iFitness* — Biggest Gym Chain
– *Uber, Skate City, Pharmacies, Fashion, Banks, Food Court*
– 100% Occupied — Waiting list of tenants

*This is NOT Oshopey Plaza. This is Institutional Grade A.*

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*WHY BUY PURPLE MARYLAND AT ₦30B?*

*1. 4.7% YIELD FROM DAY 1 + 10% ESCALATION YEARLY:*
₦1.4B / ₦30B = 4.7% today. With 10% escalation, in 3 years income = ₦2B = *6.6% yield.* In 5 years = ₦3B+ income.
Lagos malls appreciate 20% yearly in value.

*2. TRIPLE NET = NO STRESS LANDLORD:*
Tenants pay service charge & utilities. You don’t buy diesel. You just collect rent. Easiest mall to manage in Lagos.

*3. BIGGEST LED SCREEN IN WEST AFRICA = GOLDMINE:*
That screen alone on Ikorodu Road rental is ₦40M – ₦60M per month to advertisers. That’s ₦500M+ yearly alone. Current owner not maximizing it. New owner can double advertising income.

*4. MAINLAND’S ONLY GRADE A MALL:*
Island has 5 Grade A malls. Mainland with 15 Million people has only Purple Maryland & Ikeja City Mall. Monopoly.

*5. REDEVELOPMENT UPSIDE:*
7,700 sqm land — You can add 2 more floors later — Increase GLA to 10,000 sqm — Income jumps to ₦2.5B

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*PERFECT FOR:*
– Institutional Investor / REIT / Pension Fund looking for Naira income hedge
– Private Investor who wants Trophy Asset that pays every month
– Developer who wants to redevelop to 10,000 sqm mall

*DOCUMENTS READY:*
C of O, Survey, Approved Building Plan, Tenancy Schedule, Rental Income Schedule, Service Charge Accounts.

*24HRS NOTICE FOR INSPECTION — POF REQUIRED*

*— Serious Buyers Only*