Investment Highlights
- High performing shopping center anchored by a grocer and recently upgraded AMC luxury theatre
- Opportunity to capitalize on AMC's movie theater brand, multi-million-dollar renovation and lease extension with attractive options
- Exceptional visibility from the I-15 and Rancho California Road and exposure from over 178,922 cars per day
- High occupancy levels at 96.9% and low lease turnover
- 88 Ranch Marketplace is currently paying a base rent of $12.16 PSF annually, which is approximately 30% below market. Further, the tenant is currently on a gross lease that can be rolled to NNN in 2032 once all of their extension options have been exercised
- Average cumulative NOI growth over 3% over a 10-year hold
- Attractive Year-2 cash-on-cash of 9.75%
- Property includes pre-existing assumable debt
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