Monta Loma Plaza
CALL FOR OFFERS 5/12 - Monta Loma Plaza | Grocery Anchored by Safeway | Mountain View, CA
Marketing description
Cushman & Wakefield, as exclusive advisor, is excited to encourage offers on Tuesday. May 12th for Monta Loma Plaza, a 48,078 square foot grocery-anchored shopping center in Mountain View, CA (the “Property”). This premier multitenant retail center is anchored by a 28,180 square foot Safeway with a long-term lease in place for over 9 years and remaining term through June 2037, plus six additional five-year options with contractual rent increases; providing investors exceptional income durability and embedded growth.
The Property presents an investor the rare opportunity to acquire a 100% occupied grocery-anchored neighborhood retail center with stable in-place income, contractual rent growth, and measurable mark-to-market upside.
Monta Loma Plaza is located in the heart of Mountain View, one of Silicon Valley’s most affluent retail markets. Strategically positioned along a high-visibility corridor with convenient access to major commuter routes, the Property benefits from strong surrounding residential density, proximity to leading technology employers, and consistent neighborhood traffic. Monta Loma Plaza also benefits from very favorable demographics, with an average household income of $291,146 and a population of 143,078 within 3-miles.
Investment highlights
- Silicon Valley Location
- Stabilized Cash Flow
- Long-Term Anchor Stability
- Highly Seasoned, Renewal Oriented Tenancy
- Balanced National, Regional & Local Tenant Mix
- Strong Leasing Activity & Positive Rent Trend
- 7.8 Years Current WALT
- Mark-to-Market Upside
- Built-In Contractual Rent Increases
- Parcelization & Strategic Flexibility
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