Big V Property Group completes $21.4 million refinancing of net-leased tenants at four properties

August 26, 2025 - Brokerage

Charlotte, NC Big V Property Group, a leading owner, operator, and developer of premier retail properties in high-growth Sunbelt markets, has successfully completed a $21.4 million refinancing for a diversified group of net-leased tenants, all a part of shadow anchored centers in the Big V Portfolio in the southern United States.

The properties are part of the Big V Income Fund, a nine-asset portfolio focused on generating stable, long-term cash flow through net-leased retail investments. The new financing package, secured through a regional bank, provides a sub-6% interest rate on-balance sheet, reinforcing the strength of the fund’s asset quality and tenant mix. All assets in the transaction are net-leased (NNN) to creditworthy, long-term tenants, providing predictable income and minimal landlord responsibilities.

“We’re pleased to have secured favorable terms in today’s attractive interest rate environment, which underscores the confidence our lending partners have in our assets and strategy,” said Bryan Kallenberg, vice president of capital markets. "This refinancing reflects the ongoing strength of the Big V Income Fund’s net lease portfolio.”

The properties are the ground leases at:

Alamo Ranch in San Antonio, TX, comprising Wendy’s (2,675 s/f); Las Palapas (3,500 s/f); Jason’s Deli (5,315 s/f); BJ’s Brewhouse (9,00) s/f and a 9,000 s/f building housing Starbuck’s, European Wax and T-Mobile.
Westside Center in Huntsville, AL, for an 11,839 s/f outparcel housing a Skechers Outlet and Vitamin Shoppe.
The 55,550 s/f Hobby Lobby at Harbison Court in Columbia, SC
And two pads at Spradlin Farms, Christiansburg, VA, housing a 3,998 s/f Truist Bank and 3,000 s/f Seven Brew.

The nine properties in the Big V Income Fund are all highly visited centers, and shadowed by notable anchored tenants which include Target, Marshalls, TJMaxx, Burlington, Ross, Ulta, and others. Big V Property Group remains focused on acquiring and managing high-performing retail centers in vibrant Sunbelt markets, characterized by robust demographics, consistent foot traffic, and long-term economic growth.