Bishop, CA - Marshalls

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a recently renovated, investment grade (S&P: A), Marshalls investment property located in Bishop, California. Marshalls recently signed a brand new 10-year lease with four additional 5-year extension options, underscoring their long-term commitment to the location. Additionally, an investment of $2.1M in tenant improvements was made to create a high-quality build out, reinforcing the tenant’s strong commitment to the location. The lease is NNN with landlord responsibilities limited to roof, structure and utility lines, making this an ideal, low-management investment opportunity for a passive investor. The lease also provides the flexibility to add EV charging stations, creating a value-add opportunity that can generate supplemental income for the future investor and effectively lower their overall basis. With more than $56.36 billion in 2025 revenue, Marshalls stands as one of the nation’s leading off-price family retailers, operating over 1,235 stores across all 50 states, D.C., and Puerto Rico, as well as an online platform at Marshalls.com.

The subject property is strategically located along Highway 395, a major north–south arterial thoroughfare that carries over 17,000 vehicles per day. The site serves as an anchor to Bishop Plaza, a 100% occupied, 82,000+ SF neighborhood center with a tenant lineup that features Big 5, AutoZone, Domino’s Pizza, and more. Furthermore, Marshalls will be the only major soft goods retailer in the Bishop, CA trade area, capturing a dominant share of local and regional demand. Other nearby national/credit tenants include Vons, Smart & Final, Grocery Outlet, Dollar Tree, Ace Hardware, True Value Hardware, Family Dollar, and more. Strong tenant synergy increases consumer draw to the immediate subject trade area and promotes crossover tenant exposure to the site. The site is ideally located in Bishop, a key gateway to Mammoth Mountain and the Eastern Sierra, which attracts nearly 2.8 million visitors each year, with 1.3 million in the winter and 1.5 million in the summer. The 5-mile subject trade area is supported by more than 12,000 residents and nearly 6,000 daytime employees who earn an average household income of more than $95,000.