Marigold Shopping Center
Retail | 174,428 SqFt
Marketing description
JLL has been exclusively retained by Ownership to offer qualified investors the rare opportunity to acquire Marigold Center (the “Property”), a 174,428 SF grocery/drug anchored shopping center in San Luis Obispo, California. In addition the Vons grocery anchor, Marigold Center is leased to a strong lineup of complementary credit tenants such as CVS Pharmacy, Planet Fitness, Big 5 Sporting Goods, Starbucks, Taco Bell and Carl’s Jr., generating top tier sales in a supply constrained submarket. Currently ±91% occupied, the property offers a rare combination of strong performance with measurable upside via lease up, generating a 5-year CAGR of ±5.30%. Additionally, the Property is strategically located just north of San Luis Obispo’s airport within the most affluent part of San Luis Obispo, surrounded by the world-renowned wineries of Edna Valley.
Investment highlights
- Ideal Grocery/Drug Anchored Community Center With Full Site Control
- Top Tier Grocer Sales Volume with Continued Growth
- Top Tier Tenant Sales Performance
- Stable Cash Flow with Immediate and Long-Term Upside
- Seasoned Tenancy
- Highly Visible Location with Excellent Accessibility
- Affluent Trade Area in California’s Central Coast
- Strong Consumer Drawing Power
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