Listed by Colliers - Los Angeles - Orange County, California, Colliers - Silicon Valley - San Jose, California
$9,051,900
Pacheco Pass Shopping Center
Details
APN 841-18-071
Property Type Retail
Sub Type Shopping Center
Square Footage 14,821
Cap Rate 5.81%
NOI $623,547
Occupancy 82%
Tenancy Multi
Lease Type NNN
Class A
Year Built 2003; 2004; 2005
Stories 1
Acreage 2.390
Zoning C3 (Shopping Center Commercial)
Parking Spaces 5.80 per 1,000 sq ft
Retail | 5.81% CAP | 14,821 SF
Marketing description
We Are Pleased to Offer to Qualified Investors an Opportunity to Purchase Fee Simple, a 14,821 Sf Multi-tenant Retail Investment Leased to a Mix of Regional and National Tenants Such as GameStop, Sprint and More. Located Directly Adjacent to Best Buy and in Front of Lowe’s at the Entrance of the Shopping Center, This Offering Provides Investors a Unique Opportunity to Acquire a Proven Multi-tenant Retail Location, With Solid Leasing Momentum, Occupied by Strong National Credit Tenants on Nnn Leases With Minimal Landlord Obligations.
Investment highlights
- 82% Occupied 14,821 SF Multi-Tenant NNN Retail Center
- Brand New Lease Commenced in 2020 Shows Strength of this Retail Location
- Mix of National & Regional Tenants Including: GameStop & Sprint
- Positioned at the Entrance of the Pacheco Pass Shopping Center
- Excellent Visibility & Access - Outparcel to Lowe’s & Adjacent to Best Buy
- Major Traffic Generators: Include Lowe’s, Costco and Walmart Supercenter
- Exceptional Location - Intersection of Hwy 101 & Hwy 152 (Pacheco Pass Hwy)
- Approximately 110,400 AADT @ Hwy 101 & Hwy 152
- Close Proximity to Silicon Valley (One of the Highest Priced Housing Markets in the U.S.)
- Part of a Class “A” Regional Power Center Anchored by Costco, Lowe’s, Walmart, Marshalls and More
- Over 53,300 Residents within a 3 Mile Radius
- Affluent Demographics - AHHI Over $100,200 within a 3 Mile Radius
- Rapid Growth - Over 17% Population Growth within a 3 Mile Radius
- Cross Street: Camino Arroyo
Listing Contacts
Listed by Colliers - Los Angeles - Orange County, California, Colliers - Silicon Valley - San Jose, California
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$623,547.00
$51,962.25/mo
Valuation Metrics
0
DSCR
6.89%
Cap Rate
6.89%
ROI
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