JLL has been exclusively retained by Ownership to offer qualified investors the exciting opportunity to acquire Bristol Marketplace (the “Property”), a 107,687 square foot property located in Santa Ana, CA. The Property is located at one of the busiest intersections in Orange County, North Bristol St (45,000 VPD) and 17th Street (45,051 VPD), with close proximity to the I-5 (372,000 VPD). Bristol Marketplace provides investors the unique opportunity to redevelop 99,751 SF of box space spread over two (2) floors. The 99,751 SF of box space formerly occupied by Kohl’s (currently dark) has approximately ± Seven (7) years of lease term remaining, offering investors significant in-place cash flow as they work towards permitting/entitlement and potentially negotiate a lease buyout with the lessee (Kohl’s). A new owner could also to choose to collect Kohl’s rent for 7 years and generate an above-market yield and redevelop the property at the end of their primary lease term. The Property benefits from additional in-place cash flow via the adjacent 7,936 SF of inline shop space. The inline shops are currently 59% leased with one (1) remaining 3,241 SF Vacancy.
- RARE OPPORTUNITY TO ACQUIRE NEAR TERM REDEVELOPMENT OPPORTUNITY WITH IN-PLACE CASHFLOW
- EXCEPTIONAL PARKING WITH ADDITIONAL EASEMENT
- HIGH BARRIERS TO ENTRY
- BEST OF THE BEST CROSS-SHOPPING TENANCY MIX
- WELL POSITIONED WITHIN RETAIL NODE
- SUPERIOR DEMOGRAPHICS
- ADJACENT TO AN EDUCATION HUB