Valley Central Collection
Retail | 7.25% CAP | 137,553 SqFt
Marketing description
Valley Central Collection is a dominant three-tenant retail investment opportunity located in the established suburban Los Angeles Antelope Valley community of Lancaster, CA. Encompassing approximately 137,553 square feet of retail space, Valley Central Collection is one of the area's premier community shopping centers and features best-in-class national retailers Floor & Décor (opened 9/2025), Burlington, and Michaels. These nationally recognized anchors position the property as a key retail destination within the Antelope Valley.
Valley Central Collection is positioned contiguous to a high-performing Walmart Supercenter (NAP) that anchors the broader Valley Central retail node and generates significant daily consumer traffic. Per Placer.ai, Walmart received approximately 3.2 million visits over the trailing 12-month period, ranking 1st out of 6 Walmart locations within a 30-mile radius and placing in the 93rd percentile companywide for customer visits within the Walmart chain. Additional high-traffic anchor tenants within the broader non-inclusive Valley Central Shopping Center (NAP) include Food 4 Less (885,000 Annual Cust. Visits), Marshalls (Top 10% Nationally/Annual Cust. Visits), Ulta Beauty (190,000 Annual Cust. Visits), Five Below (Top 3% Nationally/Annual Cust. Visits), Dollar Tree (Top 18% Nationally/Annual Cust. Visits), PetSmart (Top 12% Nationally/Annual Cust. Visits), Planet Fitness (Top 1% Nationally/Annual Cust. Visits), Staples (Top 2% Nationally/Annual Cust. Visits), and Chuck E. Cheese; collectively reinforcing the subject property's position as one of the Antelope Valley's dominant regional centers.
Valley Central Collection offers a near-term value-creation opportunity, as the collateral includes a vacant 15,445 SF junior anchor suite. In addition, there is the ability to build a freestanding pad for a small food/service use (subject to requisite municipality and tenant approvals).
Investment highlights
- Walmart-Adjacent Regional Retail Destination – The subject property is positioned contiguous to a high-performing Walmart Supercenter (NAP) that drives significant consumer traffic. Per Placer.ai, Walmart received approximately 3.2 million visits over the trailing 12-month period, ranking 1st out of 6 Walmart locations within a 30-mile radius and placing in the 93rd percentile companywide for customer visits within the Walmart chain.
- Value-Creation Opportunity – Valley Central Collection offers a near-term value-creation opportunity, as the collateral includes a vacant 15,445 SF junior anchor suite and an additional 7,705 square feet of vacant storage/warehouse space. In addition, there is the ability to build a freestanding pad for a small food/service use (subject to requisite municipality and tenant approvals); see Site Plan for further detail.
- Below-Market Anchor Rents – Floor & Décor and Burlington have a below-market rent basis providing an investor with a long-term mark-to-market opportunity on these suites.
- Optimally Positioned Within Dominant Valley Central Regional Shopping Center – Additional high-traffic anchor tenants within Valley Central Shopping Center (NAP) include Food 4 Less (885,000 Annual Cust. Visits), Marshalls (Top 10% Nationally/Annual Cust. Visits), Ulta Beauty (190,000 Annual Cust. Visits), Five Below (Top 3% Nationally/Annual Cust. Visits), Dollar Tree (Top 18% Nationally/Annual Cust. Visits), PetSmart (Top 12% Nationally/Annual Cust. Visits), Planet Fitness (Top 1% Nationally/Annual Cust. Visits), Staples (Top 2% Nationally/Annual Cust. Visits), and Chuck E. Cheese; collectively reinforcing the subject property's position as one of the Antelope Valley's dominant regional centers.
- In-Place National Credit Tenancy – 100% of the occupied square footage consists of national credit tenants.
- "Best-in-Class" Anchors – Anchored by Burlington ("BB+" S&P Rating - $10.6 Billion FY2025 Revenue), Floor & Decor ("BB" S&P Rating - $4.7 Billion FY2025 Revenue), and Michaels ("B-" S&P Rating - $6 Billion FY2025 Revenue); these tenants continue to remain category-dominant within their respective merchandise categories and expand their footprints.
- Seasoned and High-Traffic Burlington and Michaels Anchors – Michaels and Burlington have been in occupancy since 2008 and 2018, respectively; with Michaels exercising their most recent option in 2023. Per Placer.ai, the subject property's Michaels location received 270,000 customer visits over the trailing 12-month period. In addition, this Burlington location ranks in the top 15% nationally in customer visits across the chain over the trailing 12-month period.
- Attractive Acquisition Cost Per Square Foot – The offering provides the opportunity to acquire a multi-anchored asset in Southern California at a cost basis on improvements that is significantly below replacement cost; also providing an attractive land acquisition cost per square foot.
- Expansive Trade Area – The trade area is comprised of several established residential neighborhoods with a population of approximately 91,298 residents and 166,086 residents within a three and five-mile radius, respectively.
- Strong Income Demographics – Valley Central Collection benefits from strong average household incomes of approximately $115,368 and $92,944 within a one and three-mile radius of the property, respectively.
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