Marigold Center - San Luis Obispo, CA

JLL has been exclusively retained by Ownership to offer qualified investors the rare opportunity to acquire Marigold Center (the “Property”), a 174,428 SF grocery/drug anchored shopping center in San Luis Obispo, California. In addition the Vons grocery anchor, Marigold Center is leased to a strong lineup of complementary credit tenants such as CVS Pharmacy, Planet Fitness, Big 5 Sporting Goods, Starbucks, Taco Bell and Carl’s Jr., generating top tier sales in a supply constrained submarket. Currently ±91% occupied, the property offers a rare combination of strong performance with measurable upside via lease up, generating a 5-year CAGR of ±5.30%. Additionally, the Property is strategically located just north of San Luis Obispo’s airport within the most affluent part of San Luis Obispo, surrounded by the world-renowned wineries of Edna Valley.