Chino Towne Center Plaza
12155 Central Avenue, Chino, CA, 91710, US
100,606 sf
Description
JLL has been exclusively retained by Ownership to offer qualified investors the opportunity to acquire McHenry Village (the “Property”), a 304,134 SF grocery/drug-anchored shopping center in Modesto, California. Currently ±87.7% occupied, the Property is anchored by Sprouts and CVS Pharmacy, with Sprouts recently demonstrating long-term commitment through a 15-year lease extension taking their term through 2041, while CVS’s term extends through 2034. The Property offers a compelling combination of strong performance and measurable upside via lease-up, generating a 5-year CAGR of ±7.08% and 10-year CAGR of ±4.83%. In addition, the Property commands exceptional visibility with 930 feet of frontage along McHenry Avenue at its heavily trafficked intersection with E Briggsmore Avenue, capturing approximately 60,000 vehicles per day at this strategic corner location.
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Attributes
Building area net
304,134 sf
Occupancy
87.7%
Year built
1953
Year renovated
2010
Land area gross
26.93 acres
Parking spaces
1,623
5-Year CAGR
7.08%
10-Year CAGR
4.83%
Media
Investment Highlights
- Long Term Anchor Tenants with Sprouts and CVS
- Near Term Roll Provides Value Add Leasing Opportunity
- Stable Cash Flow With Immediate Upside and Repositioning Opportunity
- Attractive Assumable Loan In-Place
- Seasoned Tenancy
- Highly Visible Location with Excellent Accessibility
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McHenry Village (0 Properties)
