310-796-6229
1011 W Olive Ave, Merced, CA for Sale
Department Store - FOR SALE
1/7
null | Request Cap Rate

1011 W Olive Ave
Merced, CA 95348


HIGHLIGHTS

  • Synergistic Tenancy Line Up with Ideal Merchandising Mix
  • 100% leased to National / Regional recognized credit tenants
  • Highly Secured Long-Term Income Stream with New 10-Year NNN Leases
  • Irreplaceable “Main & Main” Location in the Heart of Merced’s Retail Corridor
  • Tremendous Underlying Retail Market Fundamentals with Low Vacancy & Scarce Supply

OVERVIEW

Kidder Mathews, in partnership with Retail California, as exclusive advisor to Owner is pleased to present The Shoppes at Merced, a newly repositioned ±85,892 SF best-in-class community center. A former Sears Box, the asset recently completed a successful full-scale redevelopment and lease up campaign resulting in a synergistic national and credit tenant line up of Burlington, PetCo, Five Below, ULTA, Carter’s, Tilly’s, Rack Room Shoes, Bed Bath & Body Works, and Mattress Firm. The newly signed leases (±10.0 WALT) offer highly secured long-term income from a diverse and complimentary tenant roster. The property boasts a “main & main” location within the heart of Merced’s primary retail corridor at the high traffic (±40,459 VPD) signalized intersection of W Olive Ave & R Street. The property is immediately adjacent Marketplace at Merced (Merced’s only regional shopping mall which is currently undergoing a major renovation) creating strong foot traffic and cross-shopping from an existing loyal customer base In Downtown Merced.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

8.06 AC

LAND SF

351,197 SF

ZONING

P-D1

APN/PARCEL ID

236-220-047

ASK ABOUT THIS PROPERTY

Simon MattoxKidder MathewsMore Info
310-796-6229

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Simon MattoxKidder MathewsMore Info
310-796-6229

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.