* High Performing Neighborhood Center – Village Center at Rose is a ±118,876 SF grocery anchored neighborhood shopping center anchored by Ralphs, which generates strong sales volumes (contact broker for more detail)
* Complementary Tenant Mix – Ralphs credit represents 19% of the income stream and 37% of the GLA, enhancing a complementary mix of credit to the balance of the shops and pad revenue offering food, beverage, and service oriented co-tenants which cater ideally to the property’s trade area. Shop and pad tenants include Jersey Mike’s Subs, UPS Store, Cold Stone Creamery, WaBa Grill, Chase Bank, Carl’s Jr., and Carbon Health, among others
* Strong Tenant History/Retention – Secure, established income stream with several of the tenants (80% of the existing GLA) having occupied the property for more than 10 years, demonstrating a recession resistant asset with consistently high tenant demand. Ralphs, Carl’s Jr. and Circle K have operated at this location since 1996
* Significant Income Growth – Due to rolling tenants to market and embedded increases, the Net Operating Income is projected to increase more than ~$1 million (30%) over the anticipated hold period, providing stable growth and an excellent hedge against inflation
* Below Market Rents, Strong Intrinsic Value – On average, CBRE estimates property-wide rents are approximately 10% below prevailing rates, creating a lower basis in the property with strong intrinsic value and future rental Upside
* Wholly Owned Offering – All shops and pad buildings are included in the offering, providing ownership with absolute control of tenant selection, eliminating any issues of pad tenants blocking visibility to any portion of the center, and upside potential in future pad sales