A two-tenant retail investment anchored by Big 5 Sporting Goods and Work World, positioned within the established Merced Marketplace retail corridor. The property is fully leased and supported by recently extended lease terms through 2029 and 2030, providing near-term income stability with limited rollover exposure.
Located along W. Olive Avenue with direct access to Highway 99, the asset benefits from consistent regional draw and proximity to national retailers including Lowe’s, Walmart, and Target. The tenancy reflects durable, needs-based retail categories, with Work World additionally generating percentage rent, indicating strong store-level performance.
The offering presents a stabilized cash flow profile with modest rent growth and minimal capital requirements, highlighted by a newly installed roof in 2024.