| • | | Lumberjack Square is a fully occupied, well located shopping center leased to a service and necessity based lineup including Body Xchange Fitness (successful multi unit regional chain), DaVita Dialysis, Asia Market, and The Firehouse |
| • | | Low rents with long term upside | Well maintained center with long term tenancy and low rents, average rental rate of $1.18 PSF/Mo. with the fitness tenant paying $.81 PSF/Mo. for their anchor space | Healthy historical occupancy |
| • | | Most leases are NNN, limiting landlord responsibilities | Most leases have annual increases |
| • | | Professionally managed and well-maintained | Significant capital investment made by the current owner toward improvements over the past 12 months |
| • | | Located on White Lane with an average daily traffic count of 44,900 vehicles | Strong retail location and positioning within the main retail corridor in the region |
| • | | Positioned across from Village at the Oaks Shopping Center, a 142,000-square-foot Albertsons-anchored center |
| • | | The 5-mile trade area is home to over 270,000 residents with an average household income of $109,890 |
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Matthew Mousavi
Senior Managing Principal &
Co-Head of SRS Capital Markets
D 949.698.1116
M 714.404.8849 |
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President/Designated Broker: Garrett Colburn, SRS Real Estate Partners, LLC | CA License No. #01416734 |
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SRS National Net Lease
610 Newport Center Drive, Suite 1500 | Newport Beach, California 92660
This information contained herein was obtained from sources deemed to be reliable; however SRS makes no guarantees, warranties or representations as to the completeness or accuracy thereof. |
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