1375 Rocking W Dr - Retail FOR SALE


Bishop, CA 93514
$7,950,000 USD
949-430-6609
1375 Rocking W Dr, Bishop, CA for Sale
$7,950,000 USD
Retail - FOR SALE
1/6
null | 6.12% Cap Rate

1375 Rocking W Dr
Bishop, CA 93514


HIGHLIGHTS

  • Publicly Traded, Corporate Tenancy – The TJX Companies, Inc. (NYSE: TJX), the parent company of Marshalls, is a publicly traded, Fortune 100 company
  • Corporate NNN Lease – Marshalls operates on a brand-new, long-term NNN lease with a corporate signature, over 9 years of “firm” remaining lease term
  • Strategic Hwy 395 Location – Located in Bishop, the gateway city to the greater Mammoth Mountain region that attracts ~2.8 million visitors annually
  • Proven Retail Trade Area and Center – Bishop is the dominant retail destination in this regional trade area for locals and travelers alike
  • Marshalls serves as the anchor to an established retail center, Bishop Plaza (82,000+ SF), which attracts approximately 1 million annual visits

OVERVIEW

* Publicly Traded, Corporate Tenancy – The TJX Companies, Inc. (NYSE: TJX), the parent company of Marshalls, is a publicly traded, Fortune 100 company and the leading off-price retailer of apparel and home fashions in the US and worldwide with over 5,200 stores across nine countries, annual revenue surpassing $60 billion, a $167 billion market cap, and an investment grade S&P rating of A * Corporate NNN Lease – Marshalls operates on a brand-new, long-term NNN lease with a corporate signature, over 9 years of “firm” remaining lease term, and the depreciation benefits of owning the improvements * Strategic Highway 395 Location – Located in Bishop, the gateway city to the greater Mammoth Mountain and Eastern Sierra Nevada region that attracts ~2.8 million visitors annually, and directly along Highway 395, THE primary north-south highway through this larger regional trade area with exposure to ±17,000 cars per day * Proven Retail Trade Area and Center – Bishop is the dominant retail destination in this regional trade area for locals and travelers alike, as witnessed by the demand for and performance by its retailers * Bishop Plaza – Marshalls serves as the anchor to an established retail center, Bishop Plaza (82,000+ SF), which attracts approximately 1 million annual visits according to Placer.ai. The center features a strong complementary tenant mix, including Big 5, AutoZone, Subway, Domino’s, and others - according to Placer.ai, this Big 5 is in the top 82% percentile statewide and 85% nationwide within the chain * High-Demand, Synergistic Retailers – Retailers in Bishop include Vons, Smart & Final, Grocery Outlet, Dollar Tree, Starbucks, O’Reilly Auto Parts, McDonalds, Taco Bell, Bank of America, Chase Bank, and many more – according to Placer.ai, Vons is in the top 87% percentile within the chain, Smart & Final in the mid-40% percentile, and Grocery Outlet in the 74% percentile

FOR SALE DETAILS

PRICE

$7,950,000 USD

PRICE/SF

$279 USD /SF

CAP RATE

6.12%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Marshalls

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

121

LAND DETAILS

LAND ACRES

2.76 AC

LAND SF

120,226 SF

ZONING

C-1

APN/PARCEL ID

010-301-18

ASK ABOUT THIS PROPERTY

John ReadCBREMore Info
949-430-6609

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John ReadCBREMore Info
949-430-6609

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