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Mountain Square

6 Retail Properties in Upland, CA

Investment Highlights

  • Strong Performing Category Dominant Home Depot Anchor
  • Recent Anchor Lease Renewals - Home Depot (2024), Hobby Lobby (2023), BevMo (2023), & Staples (2023) have recently exercised lease extensions.
  • Strong NOI Growth Profile -Compound Annual Growth Rate (CAGR) of approximately 3.6% over a 10-year period.
  • Value-Creation Opportunity - Mountain Square offers a significant value-creation opportunity, with approximately 23,100 square feet of vacant space.
  • Credit Tenancy - Approximately 96% of the occupied square footage consists of national and regional tenants.

Executive Summary

Mountain Square is an institutional quality Home Depot and Hobby Lobby anchored retail investment opportunity located in the established and affluent Inland Empire community of Upland, CA. The property offers a near-term value-creation opportunity for an investor through lease-up of approximately 23,100 sq. ft. of existing vacant retail GLA (8% of total GLA); including a highly visible +/- 18,000 sq. ft. junior anchor suite.
Anchored by best-in-class retailers Home Depot and Hobby Lobby, Mountain Square features a 96% national and regional tenant base, including co-anchors BevMo and Staples. Additional national and regional tenants within the collateral include AT&T, America's Best Contacts & Eyeglasses, Bright Now! Dental, GameStop, GOLFTEC, Ace Cash Express, Subway, Honey Baked Ham, and Ono Hawaiian BBQ.

Property Facts

Sale Type Investment
Status Active
Number of Properties 6
Individually For Sale 0
Total Building Size 273,005 SF
Total Land Area 22.57 AC
  • Listing ID: 32393181

  • Date on Market: 09/07/2024

  • Last Updated:

  • Address: Mountain Square, Upland, CA

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