Slatten Ranch Shopping Center_Property for Sale

5709 Lone Tree Way, Antioch, CA, 94531, US

Slatten Ranch Shopping Center

Asset description

Jones Lang LaSalle (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in Slatten Ranch Shopping Center (the “Property” or “Slatten Ranch”), a Target shadow anchored community center in Antioch, California.

Strategically positioned with over 1,400 feet of linear frontage along Highway 4, Slatten Ranch has outstanding visibility and access to over 100,000 vehicles per day. The Property is 72% leased to a diverse mix of national retailers including Burlington, Harbor Freight, Five Below, Sephora, and a complementary selection of other daily needs retailers, providing stable cash flow with immediate value-add potential.

The Property is shadow anchored by one of the most visited Target locations in the country (ranked #20 in chain / 98th percentile nationally). Slatten Ranch draws from a thriving regional trade area with strong demographics, underscoring the asset’s long-term growth potential and supporting the ability to continue to attract high quality tenancy.

Slatten Ranch is one of the region’s dominant community shopping centers with value-add upside.

...

Attributes

Building area net

118,187 sf

Occupancy

72.4%

Land area gross

10.43 acres

WALT

6.6 years

Year renovated

2014

Media

Investment highlights

Rare Institutional-Quality Community Center with Immediate Value-Add Opportunities
Shadow Anchored by One of the Highest Performing Target Locations Nationally
Successful Recent Leasing Activity with Over 60,000 Square Feet of New Leases Signed
High Performing National & Credit Tenancy with 6.6 Years of WALT Remaining
Irreplaceable Position Along Highway 4 with Unobstructed Visibility and Direct Access to Over 100,000 VPD
Highly Attractive Land Basis Significantly Below Replacement Cost
Exceptional Visitor Foot Traffic and Regionally-Drawing Trade Area with Strong Demographics