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OFFERING PRICE:
$2,766,000
CAP RATE (YEAR 1):
6.40%
TOTAL BUILDING AREA:
±6,000 SF
TOTAL LAND AREA:
±44,867 SF
(±1.03 Acre)
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INVESTMENT HIGHLIGHTS
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National Brand NNN Investment – 100% NNN leased to two food and beverage tenants, Jamba Juice and Round Table Pizza, that are resistance to internet competition
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Long-Term Tenancy – Jamba Juice and Round Table Pizza are both original tenants at the shopping center, and have been operating for +17 years and Round Table has over 9 years remaining on its lease term
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Improving Returns – Due to Jamba Juice’s current below market rent rolling to market, NOI is projected to grow by more than $54,776 (31%) over a 10-year expected hold period, enhancing future cash on cash returns and providing a strong inflationary hedge
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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
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Convenient Location with Tremendous Access – Strategically located along Olive Ave (37,794 cars per day), the major east/west thoroughfare in the trade area |
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FOR MORE
INFORMATION
PLEASE CONTACT:
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THIS IS A MARKETING COMMUNICATION
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
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