Big V Property Group Completes $21.4M Refinancing of Net-Leased Tenants at Four Properties

The diverse group BJ’s Brewhouse, Hobby Lobby, Starbuck’s, T-Mobile, Skechers Outlet and more at centers including Harbison Court, above. Photo credit: Big V Property Group.

CHARLOTTE, N.C. (September 3, 2025) —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, Texas, comprising Wendy’s (2,675 square feet); Las Palapas (3,500 square feet); Jason’s Deli (5,315 square feet); BJ’s Brewhouse (9,00) square feet and a 9,000-square foot building housing Starbuck’s, European Wax and T-Mobile.
• Westside Center in Huntsville, Ala., for an 11,839-square-foot outparcel housing a Skechers Outlet and Vitamin Shoppe.
• The 55,550-square-foot Hobby Lobby at Harbison Court, in Columbia, S.C.
• And two pads at Spradlin Farms, Christiansburg, Va., housing a 3,998-square-foot Truist Bank and 3,000-square-foot 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.

About Big V Property Group
Big V Property Group (Big V) is a family-owned leader in retail real estate with an 80-year history of serving communities and creating superior value for investors. We own, operate, and develop premier retail properties in growing and thriving Sunbelt communities across 14 states. Our 50+ neighborhood community and shopping centers are at the heart of retail districts in high-growth demographic markets, occupying a total of 9.5 million square feet. This careful selection has led to record-high occupancy rates, as our prime locations drive significant business for our tenants, enhance returns for investors, and support vibrant community activity. We are headquartered in Charlotte, NC with major offices in Murfreesboro, TN, San Antonio and Austin, TX, and Florida, NY. For further information, please visit bigv.com.

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Debra Hazel
(201) 618-5247
debra@debrahazelcommunications.com