Smart & Final Value-Add Center
$4,600,000
601-751 E Hobsonway, Blythe, CA 92225
59,690 sqft
Building Size
4.44 acres
Lot Area
Details:
Description:
Progressive Real Estate Partners is pleased to offer the opportunity to acquire a Smart & Final–anchored, value-add shopping center in Blythe, California. Priced at just $77/SF, the property provides investors with an exceptionally low basis, secure in-place income from a corporate-backed Smart & Final lease with more than seven years of remaining term, and an immediate path to upside through leasing ±31,000 square feet of vacancy, including a ±20,000 square foot junior anchor box and multiple shop spaces. The property is separately parceled, offering flexibility in both repositioning and exit strategy. At stabilization, the asset is projected to generate an attractive 11.8% all-cash yield with an exit value approaching $8.9 million, resulting in an estimated 45% return on investment excluding interim cash flow (68% including interim cash flow).
Located at one of Blythe’s busiest commercial intersections— Hobsonway & 7th Street. Situated directly across from an Albertsons-anchored retail center. Surrounding retailers include Dollar Tree, Grocery Outlet, McDonald’s, Starbucks, Chipotle, Popeyes, Jack in the Box, Carl’s Jr, Del Taco, and more.
Documents:
| Title | ||
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| Blythe_-_Smart___Final_Value-Add_Center_-_OM.pdf |
Location
Gallery
