Broker of Record Kyle Matthews License No. 110253 Matthews Retail Group, Inc. 841 Apollo Street. Suite 150, El Segundo, CA 902453 (310) 919-5757
NN+ Leased Property – Landlord has Minimal Responsibilities
Tenant recently extended lease term to represent a full 10-Year Term demonstrating a strong commitment to the location
Healthy 5% rental increases throughout the base term of the lease including the designated option periods providing a strong hedge against inflation
Efficient 5-Double Bay Store Footprint – Allows tenant to maximize capacity while minimizing fixed costs
Tenant Improvements will include the replacement of the Roof with a transferable warranty prior to closing
Retail Trade Area
Property is located along State Route 181 which Boasts Traffic Counts in excess of 10,000 VPD
Immense Population Growth – Average Growth exceeding 20% in a 1,3, & 5-Mile Radius from 2010-2018 with strong future growth anticipating an additional 10% increase over the next 5 years
Healthy Average Household Income Profile – Over $50,000 within a 1, 3, & 5-Mile Radius
Property is ideally situated in Eastern Shore Plaza with nationally recognized tenants such as Best Buy, Old Navy, Ross, World Market, Ashley Homestore, Panera Bread, Cracker Barrel, Michaels, PetSmart, Dollar Tree, and more
Property is also adjacent to Eastern Shore Shopping Center encompassing roughly 540,000 SF of retail on roughly 6+ acres of designated land
For the Fiscal Year of 2017, The Goodyear Tire & Rubber Company had a total annual revenue of $15.4 Billion.
Proven Track record of corporate success with approximately 1,000 locations nationwide.
Corporate Guaranteed Lease – 100% leased to the Goodyear Tire & Rubber Co.