Strong Location – Positioned on Somersville Road with immediate access to State Highway-4 (±165,000 VPD), providing attractive visibility and accessibility.
Attractive Demographics – More than 169,000 residents with average household income exceeding $119,000 within a 5-mile radius.
Passive, High-Yield Lease Structure – This investment benefits from a NN lease with a corporate guaranty by Savers Value Village, Inc., with the tenant currently dark yet continuing to pay rent.
Scheduled Rent Growth – 10% rent escalations every five years during the base term and option periods.
Potential Buyout Opportunity – Potential opportunity to create value through a negotiated lease buyout with Savers.
Dense Retail Corridor – Surrounded by regional and national retailers including Costco, Smart & Final Extra!, Lowe’s, PetSmart, Harbor Freight, Big 5 Sporting Goods, Chick-Fil-A, In-N-Out, and more.
Trade Area Anchors – Across from Somersville Towne Center, a regional mall drawing consistent consumer traffic and serving as a retail hub for East Contra Costa County.