Zacuto Group is pleased to present a 45,528 SF shopping center in Highland, CA—95% leased with strong in-place income - 6.8% CAP - and immediate upside through converting leases to NNN and rent increases on below-market rents. Positioned on 3.7 acres with dual street frontage, this center offers exceptional visibility just blocks from Walmart, Aldi, and other national retailers. With a low basis of $159/SF and a proforma 8.5% cap, investors can capitalize on significant value-add potential in a market experiencing steady population and income growth.
PRICE: $7,250,000
IN-PLACE CAP RATE: 6.8%
PROFORMA CAP RATE: 8.5%
RENTABLE BUILDING AREA: 45,528 SF
LOT SIZE: 161,259 SF (±3.7 Acres)
PPSF: $159/SF
STRONG TENANT DEMAND CENTER
YEAR BUILT: 1990
PARKING: 182 spaces
APNS:1199-081-07-0000 | 1199-081-06-0000