Empire Shopping Center

The Warner Retail Team at Colliers is excited to present the opportunity to acquire Empire Shopping Center, a 123,124 square foot community center in Antioch, CA. The Center is anchored by Old Navy, PetSmart, Office Depot, Dollar Tree and shadow anchored by Target, Hobby Lobby, and Best Buy. It is conveniently located off State Route 4 (±76,000 VPD) in a rapidly growing and affluent market.
Empire Shopping Center is 90.5% leased to a diverse mix of national and local tenants, including Old Navy, PetSmart, Office Depot, Dollar Tree, Panera Bread, AT&T, Great Clips, and Mattress Firm. PetSmart is ranked in the top 3% of all PetSmart stores nationwide, and Old Navy has an impressive rent-to-sales ratio of 5%.
Empire Shopping Center holds a prominent position on Lone Tree Way, the primary retail corridor, where other major retailers are located including WinCo, Trader Joe's, Harbor Freight, Target, Lowe's, Home Depot, Kohl's, Hobby Lobby, and Sephora. The immediate trade area within a one-mile radius of the center boasts an average household income of $191,032, and the number of households has grown by a remarkable 567.2% since 2000 and is projected to grow another 10.0% in the next 5 years.
Empire Shopping Center is an excellent opportunity to acquire one of the dominant shopping centers in Antioch that provides a very stable return with immediate upside in an affluent, growing community.