Poway Crossings
Retail | 110,985 SqFt
Marketing description
JLL is pleased to present Poway Crossings, a 110,985-square-foot community center strategically positioned at the corner of Poway Road and Silver Lake Drive.
Currently 98.5% occupied, Poway Crossings is secured by a strong roster of credit tenants, including LA Fitness, Tractor Supply, Dollar Tree, Banfield Pet Hospital, and Black Rock Coffee. Credit tenants occupy 67% of the leased area with a ±9.5 year WALT, ensuring a durable and secure income stream. The existing tenants benefit from close proximity to Poway Business Park’s daytime workforce of over 20,000 employees.
Located in a dense trade area with over 188,000 residents and an average household income exceeding $193,000 within a 5-mile radius, the property benefits from exceptional consumer demand, substantial daily foot traffic generating 1.2 million visits annually, and outstanding visibility and access from Poway and Silver Lake Drive with over 41,000 vehicles per day combined.
Investment highlights
- Long-Term Credit Tenants with LA Fitness and Tractor Supply
- Stable In-Place Cash Flow
- Proven Future Rent Growth Opportunity
- Pad Sale Flexibility & Arbitrage
- Highly Visible Location With Excellent Accessibility
- Affluent And Densely Populated Trade Area
- New Tractor Supply Will Add Further Traffic/Momentum
- Daily Needs Center with Diverse Tenant Mix
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