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INVESTMENT HIGHLIGHTS
100% occupied, fully redeveloped, grocery-anchored shopping center with strong complementary mix of national tenants on NNN leases
Attractive price per square foot of $164, offered well-below replacement cost
Grocery Outlet, a Fortune 500 company with a “B+” rating from Standard and Poor’s, is an anchor to the Property with a 10% rental bump in June of 2024
Low anchor rents of $9.03/SF for Grocery Outlet, $12.62/SF for Urban Air Adventure Park, and $14.46/SF for Big Lots
Fully remodeled shopping center with over $5.5M spent in improvements in the last five-years, including new roof, electrical, HVAC, parking lot, and storefronts
Located in a high-density residential area with more than 250,000 people within a five-mile radius and an average household income of more than $92,000 annually
The Property benefits from additional draw provided by a Safeway located directly across the street, as most consumers shop at Grocery Outlet in addition to a national grocer, providing synergy with nearby national box grocers
