Highlights

• Starbucks-Anchored Retail Center with Drive Thru Component
• Located Directly Across from Mowry East Shopping Center
• Anchored by Lucky Supermarket, Orchard Supply & City Sports Club
• Located Directly Off Highest Traffic Count Intersection – Interstate 880 & Mowry Ave : 185,000 AADT
• In the Vicinity of NewPark Mall – 1.16 million square foot super-regional mall
• – Anchored by Macy’s, JCPenney

Description

The subject property offers the unique opportunity for an investor to acquire a high and attractive retail center that is 87.6% leased to national and local tenants providing the benefits of tenant diversification and scheduled increases in income. The property is well located just off Interstate 880 at Mowry Avenue and features the highest traffic count in all of Fremont with 185,000 vehicles per day. Major anchors in the vicinity include Lucky Supermarket, Orchard Supply, City Sports Club, Macy’s, JCPenney, Sears and Burlington Coat Factory. With this asset, an investor will capitalize on both real estate appreciation and scheduled increases in income.

he property is located just off Interstate 880 (Nimitz Freeway) on Mowry Avenue, the highest traffic count intersection in all of Fremont. Interstate 880 is one of two major interstates serving the city of Fremont, and the annual average daily traffic from Mowry Avenue to Thornton Avenue is over 185,000 vehicles.
The property is located less than one block from the Mowry East Shopping Center, anchored by Orchard Supply, Lucky and City Sports Club. Additional tenants include Starbucks, Bank of the West, Applebee’ s, Olive Garden, Planet Fitness, Farwell Medical Center, Denny’ s and Chevron. Additionally, less than half a mile west on Mowry Avenue, across Interstate 880, is NewPark Mall a 1.16 million square foot super-regional mall. NewPark Mall is anchored by Macy’ s, JCPenney, Sears and Burlington Coat Factory and has over 150 additional specialty stores.

Financial Summary

• Actual
• Net Operating Income
  $418,370