Shops to Smart and Final (Antelope Valley Plaza)
At-A-Glance
Asking Price: $3,980,000
NOI: $268,839
Cap Rate: 6.75%
Occupancy: 100%
Opportunity
100% leased multi-tenant NNN retail shops, located within a brand new Smart & Final (Opened Oct 2023), CVS and DD’s anchored shopping center.
Highlights
100% leased multi-tenant NNN shopping center
Situated directly next door to a brand new Smart & Final Grocer (opened in October 2023)
The Subject Property features daily needs and e-commerce tenants, making this an ideal/safe 1031 replacement for an investor
Located within a busy Smart & Final, CVS, and DD’s anchored shopping center - Creating top tier customer draw and strong tenant synergy - CVS Pharmacy is ranked by traffic in the 95th percentile Nationwide according to Placer.ai - DD’s Discounts is ranked #1 by traffic of stores within a 30-mile radius according to Placer.ai
Ideally located at signalized, hard corner intersection of W Avenue J and 20th Street W - Over 58,800 vehicles per day at the intersection
Outstanding Freeway On-Ramp & Off-Ramp Access - With new on-ramps and off-ramps being constructed directly behind the Subject Property (Estimated completion Spring 2024), allowing for direct access to the shopping center and Avenue J.
Strong Demographics - There are over 150,000 people living within a 5-mile radius of the subject property
