Indio Plaza 5 inmuebles | Local en venta a 24.244.150 € en Indio, CA

* Neighborhood Grocery Anchored Shopping Center – 94% leased Food 4 Less anchored neighborhood shopping center, generating exceptional sales volumes, providing a “daily needs” draw and cross-shopping traffic to the offering

* Food 4 Less – Wholly owned subsidiary of Kroger Company, which has a market capitalization of approximately $45.67 billion, a revenue of $147.12 billion, an S&P rating of BBB, and 2,726 locations

* High Credit Tenancy – 70% of the GLA is leased to national or regional credit tenants, including: Food 4 Less (Kroger), dd’s Discounts (Ross Stores), Denny’s, Sally Beauty, Flame Broiler and Subway

* Below Market Rents, Strong Intrinsic Value – On average, CBRE estimates property-wide rents are approximately 8% below prevailing rates, including Food 4 Less currently paying $1.05 psf/month (12% below market rates), creating a lower basis in the property with strong intrinsic value and future rental upside

* Excellent Street Access and Visibility – Dominant grocery anchored shopping center offering excellent access and visibility along Highway 111 (±29,100 cars per day), the main arterial in the trade area as well as Monroe Street (±20,200 cars per day), which provides immediate access to I-10 (±73,900 cars per day)

* Attractive Assumable Financing – Assumable loan terms: $13,000,000 balance, 4.25% interest rate, currently interest-only until March 2027, and maturing February 2032. Property will be available with Assumable Financing or Market Financing