Retail
Under Contract

Franciscan Center & Mohave Center

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

Franciscan Center & Mohave Center_Property for Sale

Gallery

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
117,008 sf
Occupancy
92.00%
Year built
1976

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
Aug 11, 2022