Watson Crossing II: 17,000 SF Walmart Shadow Center
Retail | 7.79% CAP | 17,000 SqFt
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Sale Brochure https://buildout.com/sharing/33939-la-16?file=4128808
Watson Crossing II is a 17,000 SF retail opportunity located along LA-16, a Walmart-anchored retail corridor.
The offered portion is 100% occupied and comprises 3 units.
Tenants include Dollar Tree (8,000 SF), K. Laneé Boutique (5,000 SF), and Tech Genius (4,000 SF). The current leases have an average rental rate of $7.77 PSF, presenting opportunity for value-add.
Co-tenants in the center include Smoothie King, Casa Maria Mexican Grill, AT&T, Overtones Music Academy, NV Nails, and Between the Lines Driving Academy.
The asset currently yields an NOI of $132,096 and a Cap Rate of 7.9%.
The adjacent 13,500 SF section of the center located on Pad Site C is separately available for sale. Contact Broker for more information.
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