Chino Towne Center Plaza
12155 Central Avenue, Chino, CA, 91710, US
9 347 mètres carrés
Descriptif
JLL has been exclusively retained by Ownership to offer qualified investors the opportunity to acquire McHenry Village (the “Property”), a 304,134 SF grocery/drug-anchored shopping center in Modesto, California. Currently ±87.7% occupied, the Property is anchored by Sprouts and CVS Pharmacy, with Sprouts recently demonstrating long-term commitment through a 15-year lease extension taking their term through 2041, while CVS’s term extends through 2034. The Property offers a compelling combination of strong performance and measurable upside via lease-up, generating a 5-year CAGR of ±7.08% and 10-year CAGR of ±4.83%. In addition, the Property commands exceptional visibility with 930 feet of frontage along McHenry Avenue at its heavily trafficked intersection with E Briggsmore Avenue, capturing approximately 60,000 vehicles per day at this strategic corner location.
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Attributs
Superficie du bâtiment nette
28 255 mètres carrés
Occupation
87,7 %
Année de construction
1953
Année de rénovation
2010
Superficie du terrain brute
10,9 ha
Places de parking
1 623
5-Year CAGR
7.08%
10-Year CAGR
4.83%
Média
Points forts de l'investissement
- Long Term Anchor Tenants with Sprouts and CVS
- Near Term Roll Provides Value Add Leasing Opportunity
- Stable Cash Flow With Immediate Upside and Repositioning Opportunity
- Attractive Assumable Loan In-Place
- Seasoned Tenancy
- Highly Visible Location with Excellent Accessibility
Contactez les courtiers
McHenry Village (0 Propriétés)
