The NNN Market provides insight to the current NNN brokerage environment. I will highlight recent sales, market trends, off-market investment opportunities as well as discuss innovative idea's (technology) and how it's affecting commercial real estate.
Thursday, December 11, 2014
Just Listed: SoCal 5 Tenant NNN LA County Strip Center
Shops at Rancho Vista Gateway is an approximately 10,937 SF retail strip center, 100% leased to a synergistic mix of five (5) NNN tenants, including California Bank & Trust, The Habit, Yogurtland, Pizza Rev and an end cap drive-thru Krispy Kreme - 100% Internet Resistent Tenancy
Located as an out-pad to the newly constructed Rancho Vista Gateway, featuring Dunn-Edwards Paints, Chick-fil-A and Aldi Grocer, the property is currently under construction, with tenants open and operating in early 2015
Excellent Freeway 14 and Rancho Vista Boulevard (Avenue P) location proximate to the Antelope Valley Mall with approximately 135 tenants including anchors Macy’s, Sears, Dillard’s, JCPenney, Forever 21, Old Navy, Dick’s Sporting Goods, H&M, Tilly’s, Yard House, and Claim Jumper – Antelope Valley’s premier shopping destination
Rancho Vista Boulevard (Avenue P) & 10th Street West Location – Rancho Vista Gateway shares access with Palmdale Marketplace, featuring major retailers: Target, Lowes, Barnes & Noble, Sports Chalet and many more – Rancho Vista Boulevard (Avenue P) & 10th Street intersection sees approximately 67,000 cars per day
Approximately 6,800, 51,000 and 131,200 people with Average Household Incomes of $80,300, $74,000 and $69,000 within a 1, 3 and 5-mile radius respectively