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
