Listed by Matthews
Unpriced
Desert Hills Plaza
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 46,654
Units 3
Tenancy Multi
Lease Type NNN
Year Built 2019
Acreage 3.670
Ground Lease No
Junior Box or Big Box Opportunity
Marketing description
- In-Place Anchor Tenant: Property is currently occupied by a strong performing Grocery Outlet with upside through lease-up of junior and/or big box space (+/-28,210 SF)
- High performing Grocery Outlet:
- Early 5-Year Extension: Grocery Outlet's early renewal demonstrates long term commitement to the site; Grocery Outlet executed the first of their 4, 5 Year options to extend 3 years early demonstrating long term commitment to this location
- Strong Store Sales: Please reach out to agent for details regarding store performance
- Significant Upside Through Lease-Up: Grocery Outlet's performance demonstrates a strong anchor for co-tenancy, increasing the long term viability of co-tenants
- Current In-Place NOI: +/-$160,000
- Est. Stabalized NOI: +/-$468,000
- Please contact agents for further details
Investment highlights
- Prime Owner/User and Value-Add investor oppurtunity
- Up to ±28,210 SF junior box or big box space available for lease
- Currently demised into:
- Unit 103: ±12,663 (Vacant), Unit 102 (Vacant): ±15,547, Unit 101 (Grocery Outlet): ±18,444 SF
- Anchored by Grocery Outlet Bargain Market
- ±42,000 ADT between Twentynine Palms Highway (State Route 62) and Old Woman Springs Road (State Route 247)
Listing Contacts
Listed by Matthews
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Zoning
C-MU MixedMixed UseMixed Use Commercial
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