Value-Add Retail Center w/ Upside + Vacancy
Retail | 14,102 SqFt
Marketing description
Situated on over one acre, the property offers excellent visibility, heavy traffic exposure, and ample on-site parking. The layout includes a dedicated food court area, restaurant-ready space, prominent signage opportunities, and tenant-controlled HVAC throughout, making it highly adaptable for a variety of retail and service users.
The center is anchored by Circle K and an established restaurant tenant, providing stable in-place income while executing the lease-up strategy.
Strategically located near the I-5 and I-10 freeways, the property benefits from strong accessibility and consistent traffic from surrounding industrial and commercial activity.
The property features a mix of in-place income and vacant units, creating a clear and executable strategy for investors to increase cash flow and overall asset value. The current vacancy presents a strong opportunity to lease remaining space in a market with limited retail inventory and consistent demand from retail and food users.
Investment highlights
- Partially leased retail center with immediate lease-up opportunity to increase NOI and achieve stabilized returns.
- Rare opportunity to acquire a high-visibility retail center in Vernon with a clear path to value creation through leasing multiple vacant units.
- The property features a mix of in-place income and vacancy, creating a clear and executable strategy for investors to increase cash flow and overall asset value. The current vacancy presents a strong opportunity to lease remaining space in a market with limited retail supply and consistent demand from retail and food users.
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