Archive for: Strip

 

• Three Tenant Retail Center – Located in the Inland Empire Area of Redlands, One of the Highest Projected Housing and Job Growth Areas of Southern California
• Long Term Occupancy History – Two of the Three Tenants Have Occupied the Property for Over 10 Years Proving Their Long Term Commitment to a New Investor
• National and Regional Tenant Mix – T-Mobile, The Wok Experience, and Silver Spoon Collectively Occupy 100% of the GLA of the Center
• Low Rents Creating Long Term Value for Growth – Current In-Place Rents Average Only $2.05 PSF / MO, Which is Roughly 10% Below the Estimated Market Rent
• Significant Growing Income Stream – Two of the Three Tenants Call for 3% Annual Rent Increases, with the Other Tenant Calling for a Minimum of 5% Increase (Based on CPI) Every 2.5 Years
• Strategically Located 0.5 Miles South of Interstate 10, the Subject Property is 61 Miles East of Downtown Los Angeles and 46 miles Northwest of Palm Springs

 

• Brand New Two Tenant Retail Center – Located in the Western Michigan Community of Norton Shores
• Ideal Tenant Line-up – 5,018 SF Retail Center is 100% Leased to an Excellent Tenant Mix Consisting of Sleep Number (Over 1,250 Stores in 41 states) and ATI Physical Therapy
• Sleep Number (51.9% of the GLA) has Reported Sales to be 125% Over Projections Providing Confidence in the Long Term Stability of This Location
• Strong Income Growth – Both Tenants’ Leases Have Fixed 10% Rent Increases Every 5 Years on Initial 10 Year Lease Terms and Options to Renew
• Central Retail Corridor Location – Located in the Epicenter of the Most Active Retail Corridor of Muskegon County, Only 0.8 Miles of Interstate I-96 (39,294 Cars Per Day) and 0.5 miles from Highway 31 (47,592 Cars Per Day)

In Cooperation with JDS Real Estate Services Jennifer D. Stein License #6505385865

 

• New Market Square is a 40,200 SF Shopping Center 100% Leased to a Tenant Roster that Perfectly Serves the Local Market
• Tenants Include Food Lion (83% of the GLA), Portabella’s Ristorante, Varina Day Spa and China Taste
• Food Lion has Anchored the Shopping Center Since it’s Original Development in 1998 with Very Strong Store Sales and Consistent Historical Sales Growth
• Food Lion Has Over 9 Years of Remaining Lease Term Before Options; Overall GLA Has Less Than 11% of Rollover Within the Next Five Years
• More than 9,300 Residents Within a 3-Mile Radius and an Average Household Income Exceeding $91,330
• New Market Square is Located Within 9 Miles of Downtown Richmond, the Capital of Virginia

SIG works with Non-Resident Prospective Buyers

In Cooperation with Russell Lynn Stanfield, VA Broker Lic# 0225222336 of JDS Real Estate Services, Inc. VA Broker Lic# 0226026959

JDS Real Estate Services, Inc. works with Prospective Virginia Resident Buyers

 

HIGHLY STABLE NET LEASE INVESTMENT

• New 10 Year Net Leases to a National and a Regional Tenant
• Both With 10% Rental Increases Every 5 Years
• Brand New 2017 Construction

WITHIN A STRONG RETAIL CORRIDOR

• Site is an Outparcel to the Marketplace at El Paseo, a 650,000 Square Foot Retail Power Center Anchored by Target, Burlington, Marshalls, Ross and Old Navy
• Other National Major Retailers Include Ulta Beauty, Kirkland’s, Petco, Tesla, Jersey Mike’s, McDonald’s and Many More

CENTRALIZED LOCATION

• With Excellent Visibility and Freeway Access to Highway 99 with Over 67,000 Vehicles Per Day

RAPIDLY GROWING AREA

• Across From a Proposed 330-Unit Apartment Complex Development and a 134-Unit Residential Development
• Over 500-Units Being Built Within a 1-Mile Radius with Over 405 Lots Planned and Additional Residential Units Proposed

STRONG DEMOGRAPHICS

• Features More Than 107,000+ Residents Within a 5 Mile Radius
• Average Household Income of $87,287 Within a 1-Mile Radius

NUMEROUS SCHOOLS WITHIN A 1-MILE RADIUS

• River Bluff Elementary School (872 Students)
• Rio Vista Middle School (833 Students)
• Saroyan Elementary School (730 Students)
• Norman Liddell Elementary School (700 Students)
• While CSU Fresno (24,000+ Students) and Fresno City College (25,000 Students) are Located 10 Miles From the Subject Property

 

• Market Destination Kroger Shadow Anchored Shopping Center with 100% Leased to a Synergistic Tenant Mix
• Over 57% of the Tenant’s (15,814 SF of the GLA) Have Occupied the Center for 10 or More Years Providing a New Investor with a Great Sense of Stability
• High NOI Growth Asset – Net Operating Income is Projected to Grow More than $124,000 (22%) Over a 10 Year Hold Period
• Exceptional Location Along Highly Trafficked Corridor with Immediate Frontage Along Grand Parkway Highway 99 (+66,200 CPD)
• Katy Premier Retail Hub – The Center is Conveniently Located Right in the Center of the Premier Retail Shopping Districts of Katy
• Highly Visible, Katy Retail Center – The Property Presents a Great Opportunity to Purchase a Highway Frontage, Highly Visible, Turnkey Shopping Center Within One of the Most Desirable Houston Markets

In Cooperation with Sands Investment Group Austin, LLC – Lic# 9004706

 

• Walmart Supercenter Shadow Anchored Three Tenant Retail Center with Dunkin’ Donuts, Domino’s Pizza and AT&T
• High Quality Asset: Brand New Ground Up 2015 Construction With No Deferred Maintenance or Near-Term Capital Improvement Requirements
• Dominant Location Within the Main Retail Artery of Marshalltown Iowa, Greatly Benefiting From Frontage Road Positioning and Superior Ease of Access
• Strategic Tenant Location Advantage: Dunkin’ Donuts is the First Coffee Restaurant Within the Trade Area Closest to Highway 20 Making it the Most Convenient Location For Travelers Entering the Retail Trade Area
• Near Absolute NNN Leases: All Three Tenants Have Very Little Shortfall in Operating Expenses and Recapture Resulting in Passive Ownership For Landlord
• Fixed Rent Increases Throughout the Terms of the Leases Provide For the Net Operating Income to Grow More than 9.2% Over the Anticipated Hold Period
• In Cooperation with JDS Real Estate Services, Inc. BoR Jennifer D. Stein #F0571000

 

• Opportunity to Purchase Remaining 17,404 SF of Space in Retail Center
• Purchaser will Control Association and Essentially Operate Retail Center
• Zoned C-2 General Commercial
• Built in 2008
• Potential to Create Value by Lease Up
• Priced Well Below Replacement Cost

Sands Investment Group is pleased to offer for sale a Little Caesars & Metro PCS anchored strip center located at the signalized intersection of Union Ave & 7th Street in the City of Los Angeles. The subject property was built in 2006 and features three tenants including Little Caesars, Metro PCS & Yolo Steak Sandwiches. With 100% occupancy, this asset offers a stable investment with the ability to steadily increase NOI over time through replaceable and below market rents.

This offering is a rare opportunity to purchase a strip center on a dominant intersection adjacent to Downtown LA. The intersection of Union Ave & 7th Street boasts traffic counts of over approximately 30,000 cars per day. Conveniently located just off the 110 Freeway and within close proximity to both the 10 & 101 Freeways, the asset offers close proximity to many downtown destinations. With over 560,000 people within 3 miles, the location provides a large built in customer base for a neighborhood strip center.  The site is just one block from Wilshire Blvd & located near many major retailers including Food 4 Less, Home Depot, McDonalds, Starbucks & more.