OFFERING PRICE:
$5,317,000

CAP RATE (YEAR 1):
7.20%

TOTAL BUILDING AREA:
±40,639 SF

TOTAL LAND AREA:
±215,186 SF
(±4.94 Acres)
FEATURED LISTING:
DOLLAR TREE AND
ASHLEY HOMESTORE

at Merced Marketplace
1764-1778 W. Olive Avenue, Merced, CA
INVESTMENT HIGHLIGHTS
 
Two National NNN Tenants 100% leased to two national tenants on corporate leases:
 
»
 
Dollar Tree is a leader in the discount variety store sector operating more than 15,200 stores. Dollar Tree is publicly traded (NASDAQ: DLTR) with a market capitalization exceeding $27.2 billion, $25.5 billion in and a S&P of BB+
 
»
 
Ashley HomeStore is an American furniture store chain that sells Ashley Furniture products operating over 1,000 locations worldwide
 
Long-Term Leases – Dollar Tree and Ashley HomeStore are both on new leases with 10 years of term and multiple 5-year options to extend
 
High Yield, Low Price PSF Investment – At the 7.20% cap rate and $131 PSF list pricing, Dollar Tree and Ashley HomeStore provides superior cash on cash yields at a significant discount to its land inclusive replacement cost – all with credit and 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
john.read@cbre.com
JAMES TYRRELL
+1 949 725 8473
Lic. 02012964
james.tyrrell@cbre.com 
TRENT STEEVES
+1 949 725 8563
Lic. 01950466 trent.steeves@cbre.com


 



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