Listed by Northgate Commercial
$3,450,000
Grocery Anchored Multi-Tenant Retail with Upside Potential
Details
APN 0130-030-350
Property Type Retail
Sub Type Shopping Center
Square Footage 15,757
Units 3
Cap Rate 5.49%
NOI $189,534
Occupancy 28%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 11.51%
Pro-Forma NOI $396,962
Class B
Year Built 1989
Buildings 1
Stories 1
Acreage 1.950
Zoning Downtown General Commercial (DGC)
Investment Type Value Add
Ground Lease No
Excellent value-add opportunity and prominent location in neighborhood shopping center.
Marketing description
A generously sized property situated within a high-traffic, high-visibility plaza anchored by a well-established Lucky grocery center (Lucky Grocery not included). This established neighborhood center features community-focused, service-oriented tenants that consistently draw strong local traffic.
Investment highlights
- Value-Add Investment
- Strong Upside Potential
- Steady Income Base
- Minimal Landlord Responsibilities
- Strong Neighborhood Tenant Mix
- Convenient On-Site Parking
- Situated in a Growing Trade Area
Listing Contacts
Listed by Northgate Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$189,534.00
$15,794.50/mo
Valuation Metrics
0
DSCR
5.49%
Cap Rate
5.49%
ROI
Map
Zoning
DGC CommercialGeneral CommercialDowntown General Commercial
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View all 65 uses Last updated Jun 24, 2026 For deeper zoning details, reports are available at Zoneomics
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