Hastings Ranch Plaza

JLL, as exclusive advisor, is pleased to present the opportunity to acquire the leasehold interest in 214,322 square feet of Hastings Ranch Plaza (the “Property”). The Leasehold Interest is currently 49% occupied by name-brand national tenants HomeGoods and Hobby Lobby. To address the recent vacancy of the 2nd story space, the seller will provide the buyer with a credit totaling $4,200,000 over two years. This credit is structured in two parts: an annual credit of $18.50 per square foot for the first two years (structured as a lease), and a one-time tenant improvement allowance payment of $5.00 per square foot, payable at the end of the two-year term. This opportunity is situated within an established retail center seeing 2.9 million annual visitors, up 27.8% year-over-year. Hastings Ranch Plaza ranks in the top 13th percentile of all shopping centers in the US and the top 18th percentile within California.