Shops at Main Street

  • Value Add Multi-Tenant Retail Center – 85% Occupied | Leasehold Investment
  • 46 Years Remaining on the Leasehold Ground Lease – 4, 10 Year Option
    Periods Thereafter
  • Over $600,000 of Renovations Completed in 2019 & 2020
  • Roof & HVACs Replacement, Façade Renovation, Parking Lot Repairs,
    Monument Signage, Landscaping Upgrades
  • Leasehold Investment (Improvements Only) – Attractive Financing Options Available (Inquire for Details)
  • Fully Depreciable Asset – Potential to Depreciate 100% of Asset Purchase Price
  • High Yield Income Opportunity – As-Is Cap Rate: 8% | Stabilized Cap Rate: 13.72%
    (Year 2)
  • Strong Leasing Momentum – Over 8,000 SF in New Leases Signed Since 2020
  • New Leases Include Panera Bread as well as Expansions from Two Existing Tenants
  • Upside Potential with Further Lease Up & Stabilization – 5,502 SF of End Cap Space Available for Lease
  • Anchored by Pep Boys 22,193 SF – Occupied this Location Since 1989 –
    Recently Extended to 2030
  • Advance Auto Parts Signed New Agreement to Sublease Retail Portion of
    Pep Boys Space
  • Advance Auto Parts – Investment Grade Credit Tenant (Moody’s: Baa2)
  • Irreplaceable Real Estate – Located at the Intersection of Interstate 15 and the
    91 Freeway
  • Positioned Across from Metro at Main Just off the 91 Freeway (Over 259,000 VPD) Adjacent to Metrolink Station
  • Demographics – Over 252,544 Residents within a 5 Mile Radius
  • Average Household Income of Over $110,104 within a 5 Mile Radius
Snyder Carlton National Net Lease Team
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