Prunedale Shopping Center 8099 San Miguel Canyon Road

Investment Highlights

National Credit Tenants: Grocery Outlet, CVS Pharmacy, O'Reilly's, Goodwill, RoundTable, Burger King, Subway, Monterey County Libraries, Comerica Bank Low Vacancy, Less than 2.5% Renovated in 2010 Less than a quarter mile of U.S. Highway 101 and within one mile of CA Highway 156. 8 Separate Parcels

Executive Summary

Prunedale Shopping Center is a Retail / Commercial (Retail - Office) property totaling 102,153 SF of NRA located on a 19.24-acre site at 8099 San Miguel Canyon Road in Salinas, California. It considered mixed-use with both traditional retail/shopping center space as well as office. This large investment property of anchor, shop, pad and office space with a tenant composition of national, regional and local tenants. National Credit Tenants include Grocery Outlet, CVS Pharmacy, O'Reilly's, Goodwill, RoundTable, Burger King, Subway, Monterey County Free Libraries, Comerica Bank. The notable physical strength of the subject property is its generally good access and linkage.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Bank Bank General Retail Fast Food General Retail Storefront Retail/Office General Retail Supermarket Bank
• Building Size    102,153
• Year Built/Renovated    1975/2010
• Price    18,497,000
• Price Per SF    181
• Cap Rate    6.78
• NOI    1,254,503
• Percent Leased    98
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.12
• Land Acres    19.24 AC

• Banking
• Corner Lot
• Freeway Visibility
• Restaurant
• Signage
• Signalized Intersection
• Drive Thru
• Wheelchair Accessible
• Air Conditioning