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Thursday, February 6, 2014

Mount San Jacinto Plaza




 Listing Mount San Jacinto Plaza
Price:$6,950,000
Status:New

CBC Alliance is proud to present a retail shopping center anchored by a Wal-Mart Super Center in San Jacinto, California. The offering consists of three multi-tenant buildings totaling 18,712 square feet. The property is located at the signalized intersection of San Jacinto Boulevard and Commonwealth Avenue. The Shopping Center was developed in 2008 and also contains a drive-thru Walgreens, El Pollo Loco, and Wendy’s Restaurant (NAP). The investor will acquire a well located high quality “Grade A, Best in Class” property that will produce a stable cash flow. The income stream shall increase overtime with scheduled rent increases in the leases. Tenants include AT&T Wireless, Pacific Dental, ProfessioNail, Great Clips, Bank of Hemet, and GameStop to name a few. The subject property is located at the entrance of the only Wal-Mart Super Center in the City. This is significant as there is NOT a Target or Costco in the City to compete with Wal-Mart. The surrounding area is comprised of new and existing homes to the east, two small centers with Stater Bros Market, Cardenas Market and the only movie theater in the city, Regal San Jacinto Metro 12 screen to the North. There are proposed housing developments to the west, A commercial lot directly adjacent to the south. The City of Hemet lies along the southern boundary. The Property may be accessed off the I-215 freeway or State Highway 60. There are several housing developments in various stages of the permit and development process (see “house building activity log”) By acquiring Mount San Jacinto Plaza, the Investor will obtain a newer well designed and maintained attractive retail property anchored by a dynamic Wal-Mart Super Center Store, with national credit tenancy including scheduled rental increases. The investor will have a true opportunity to add value through leasing (3) vacancies and re-leasing a prime end cap unit at market rent. The investor could see an increase in value of $2,000,000 $2,500,000 from leasing and improved market conditions. Offering Features: Anchored by Wal-Mart Super Center with Walgreens Drugs, Wendys and El Pollo Loco Offering Includes; Bank of Hemet, Gamestop, AT&T, Great Clips, and Bank of America ATM Est. 230,000 Persons in Trade Area Upside Potential: Lease 3 vacant units (82% occupancy) Est. $120,000 added income. $1.7M Value add @ 7% Cap AT&T Upside Potential: in 2 years: Est. $51,600 added income. $737,143 value add @ 7% cap


Mount San Jacinto Plaza

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