39155 Washington Street
Washington Street 39155, Palm Desert, CA, 92211, US
1,605 m²
Asset Description
JLL is pleased to offer the opportunity to acquire Upland Village Center (the Property), an 84,783 square foot, 100% occupied shopping center anchored by Burlington, Ross, 99c Store (NAP), and Amazon Fresh (NAP). The Property is located in the affluent Inland Empire community of Upland, CA directly adjacent to the intersection of U.S. Route 66 (58,300 VPD) and Euclid Ave (32,800 VPD), and just south of the 210 Freeway (176,000 VPD). Upland Village Center offers significant in-place cash flow and a secure income stream through long-term leases (5.6 Year WALT), minimal capital improvement needs, and high quality national tenancy. The surrounding community is growing in affluence with average household incomes exceeding $110,941 in a 3-mile radius.
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Attributes
Building area net
7,877 m²
Occupancy
100%
Year built
1966
WAULT
5.6 years
Media
Investment Highlights
- National Credit Tenancy with High Consumer Demand
- Long-Term Stability and Steady In-Place Cash Flow
- High-Quality Tenancy and Daily Needs Retail
- Prime Location with Exceptional Demographics
- Low Anchor Rents with Downside Protection
- Low Capital Expenditure Investment
Contact brokers
Upland Village Center (0 Properties)
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Last updated
16 May 2024
