Retail
Under Contract

Franciscan Center & Mohave Center

46690-46850 Warm Springs Blvd, Fremont, CA, 94539, US

Franciscan Center & Mohave Center_Property for Sale

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Asset Description

JLL has been exclusively retained by Ownership to offer qualified investors the exciting opportunity to acquire the fee simple interest in Franciscan and Mohave Center (the “Properties”), a 106,780 square foot grocery-anchored retail center and a 10,228 square foot strip center located in Fremont, CA. The Property features a diverse tenant roster which includes a Safeway Market, Taco Bell, KFC, Burger King, and 7-Eleven Market. The Properties offer near-term NOI growth through rolling the Burger King, Taco Bell, and KFC pads to market rent as well as a repositioning opportunity through the lease-up of the former Walgreens space.

Attributes

Building area Net
10,870 m²
Occupancy
92.00%
Year built
1976
NOI
MYR 11,135,000

Investment Highlights

  • STRONG IN-PLACE CASH FLOWS WITH IMMEDIATE UPSIDE
  • DENSE, AFFLUENT AND WELL-EDUCATED SUBMARKET POPULATION
  • TOP PERFORMING SAFEWAY ANCHORED CENTER
  • IRREPLICABLE BAY AREA & SILICON VALLEY LOCATION
  • POSITIONED IN THE PATH OF LARGE DEVELOPMENTS
  • LONG STANDING IN-PLACE TENANT BASE WITH STRONG REGIONAL DRAW
  • TOP RATED PUBLIC SCHOOL DISTRICT

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Last updated
30 Nov 2022