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)
FEATURED LISTING:
JAMBA JUICE AND
ROUND TABLE PIZZA
at Merced Marketplace
1726-1728 W. Olive Avenue, Merced, CA
INVESTMENT HIGHLIGHTS
 
▪ 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
 
▪ 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
 
▪ 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
 
▪ 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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