OFFERING PRICE:
$3,480,000

CAP RATE (YEAR 1):
7.20%

TOTAL BUILDING AREA:
±28,084 SF

TOTAL LAND AREA:
±152,024 SF
(±3.49 Acres)
FEATURED LISTING:
BIG 5 SPORTING GOODS AND WORK WORLD
at Merced Marketplace
1742-1746 W. Olive Avenue, Merced, CA
INVESTMENT HIGHLIGHTS
 
▪ Two National NNN Tenants – 100% leased to two national tenants on corporate leases:
 
»
 		 Big 5 Sporting Goods is a leading sporting goods retailer in the western United States, operating 430 stores. Big 5 is publicly traded (NASDAQ: BGFV) with a market capitalization exceeding $697 million, having generated more than $1.1 billion in revenue in the last 12 months, 25.3% from prior year
 
»
 		 Work World is dedicated to serving the work and casual clothing needs of all working people and has grown to 23 locations across California and Nevada over the last 27 years
 
▪ Long-Term Leases – Work World is a brand-new 10-year lease and Big 5 is on long term 11-year lease (3 years remaining), both tenants with multiple 5-year options to extend
 
▪ High Yield, Low Price PSF Investment – At the 7.20% cap rate and $124 PSF list pricing, Big5 Sporting Goods and Work World provides superior cash on cash yields at a significant discount to its land inclusive replacement cost – all with corporate tenancy
 
▪ Best of Class Asset – Merced Marketplace is arguably the highest quality retail center in the Merced trade area given its architecture, well-maintained condition with limited deferred maintenance, and national and regional brand tenancy
 
▪ Convenient Location with Tremendous Access – Strategically located along Olive Ave (37,794 cars per day), the major east/west thoroughfare in the trade area

 

 
FOR MORE
INFORMATION
PLEASE CONTACT:
 
NRP-WEST
JOHN READ
+1 949 725 8606
Lic. 01359444
[email protected]		 JAMES TYRRELL
+1 949 725 8473
Lic. 02012964
[email protected] 		 TRENT STEEVES
+1 949 725 8563
Lic. 01950466 [email protected]

 



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