Listed by Caliber Commercial Brokerage
$1,231,626
Heritage Square Plaza
Details
APN 290900 109.13-3-7
Property Type Retail
Sub Type Storefront, Shopping Center
Square Footage 34,500
Units 8
Cap Rate 11.50%
NOI $141,636
Occupancy 70%
Tenancy Multi
Lease Type Modified
Year Built 1972
Stories 2
Lot Size (SqFt) 40,946
Investment Type Value Add
Tenant Credit Credit Rated
Ground Lease No
High Cap Rate - High Income Strip Center (70% Occupied)
Marketing description
Heritage Square Plaza is a prime investment opportunity in a high-traffic corridor. Anchored by a newly renewed lease with Rent-A-Center (NYSE: UPBD), the plaza offers reliable cash flow and strong credit tenancy. Its location at a signalized intersection ensures maximum visibility and easy access. With existing vacancy, there’s also a clear value-add opportunity for investors to boost returns through lease-up potential.
Listing Contacts
Listed by Caliber Commercial Brokerage
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$141,636.24
$11,803.02/mo
Valuation Metrics
0
DSCR
11.5%
Cap Rate
11.5%
ROI
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