Bilt Commercial

Save-a-Lot Anchored Center Grocery Anchored | 72% Occupied

Price
$4,650,000
Cap Rate
8%
Occupancy
72%
GLA
82,749 SF
Lot Size
7.21 AC
Year Built
1948

CONTACT

brandon

Brandon Hakimi

Director of Investment Sales

Investment Highlights

VALUE-ADD OPPORTUNITY – With 72% occupancy, the property offers significant upside potential through lease-up of vacant space, increasing rental income and overall asset value.

PRIME CORNER LOCATION – Positioned on a corner lot, the property benefits from high visibility and traffic, attracting more customers and potential tenants.

STRONG ANCHOR TENANT – A grocery store can act as a strong draw for other retailers, particularly those offering complementary services, such as restaurants, pharmacies, or other convenience-focused businesses.

EXTENSIVE FRONTAGE FOR MAXIMUM EXPOSURE – With 667 feet of front footage, the property enjoys exceptional visibility, enhancing its appeal to tenants and increasing customer traffic.

BELOW REPLACEMENT COST PURCHASE – Acquire the property at a price well below replacement cost, offering a built-in financial advantage and protection against market shifts.

EXPANSION & REDEVELOPMENT POTENTIAL – The large lot size provides opportunities for future expansion or redevelopment, increasing long-term property value.

VERSATILE REDEVELOPMENT POTENTIAL – The 21,350 SF vacant space (not included in GLA) at the rear of the center can be leased, repositioned, or redeveloped for uses such as storage, an event hall, or other revenue-generating opportunities, adding significant value to the property.