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Marigold Shopping Center 12 Retail Properties in San Luis Obispo, CA
Investment Highlights
- Ideal Grocery/Drug Anchored Community Center With Full Site Control
- Top Tier Tenant Sales Performance
- Seasoned Tenancy
- Top Tier Grocer Sales Volume with Continued Growth
- Stable Cash Flow with Immediate and Long-Term Upside
- Highly Visible Location with Excellent Accessibility
Executive Summary
JLL has been exclusively retained by Ownership to offer qualified investors the rare opportunity to acquire Marigold Center (the “Property”), a 174,428 SF grocery/drug anchored shopping center in San Luis Obispo, California. In addition the Vons grocery anchor, Marigold Center is leased to a strong lineup of complementary credit tenants such as CVS Pharmacy, Planet Fitness, Big 5 Sporting Goods, Starbucks, Taco Bell and Carl’s Jr., generating top tier sales in a supply constrained submarket. Currently ±91% occupied, the property offers a rare combination of strong performance with measurable upside via lease up, generating a 5-year CAGR of ±5.30%. Additionally, the Property is strategically located just north of San Luis Obispo’s airport within the most affluent part of San Luis Obispo, surrounded by the world-renowned wineries of Edna Valley.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 174,428 SF |
| Number of Properties | 12 | Total Land Area | 17.56 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 12 |
| Individually For Sale | 0 |
| Total Building Size | 174,428 SF |
| Total Land Area | 17.56 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Marigold Center
3900 Broad St, San Luis Obispo, CA 93401 |
Retail | 52,071 SF | 1995 | - |
| 3870-3880 Broad St, San Luis Obispo, CA 93401 | Retail | 29,986 SF | 1995 | - |
|
Marigold Center
3940-3960 Broad St, San Luis Obispo, CA 93401 |
Retail | 26,727 SF | 1997 | - |
| 3910-3920 Broad St, San Luis Obispo, CA 93401 | Retail | 17,728 SF | 1995 | - |
| 3860 Broad St, San Luis Obispo, CA 93401 | Retail | 12,000 SF | 1995 | - |
| 3930 Broad St, San Luis Obispo, CA 93401 | Retail | 8,000 SF | 1997 | - |
| 3840 Broad St, San Luis Obispo, CA 93401 | Retail | 6,232 SF | 1995 | - |
| 3970 Broad St, San Luis Obispo, CA 93401 | Retail | 5,985 SF | 1995 | - |
| 3830 Broad St, San Luis Obispo, CA 93401 | Retail | 5,893 SF | 1998 | - |
| 3810 Broad St, San Luis Obispo, CA 93401 | Retail | 4,000 SF | 1998 | - |
| 3980 Broad St, San Luis Obispo, CA 93401 | Retail | 3,035 SF | 1995 | - |
| 3820 Broad St, San Luis Obispo, CA 93401 | Retail | 2,771 SF | 1995 | - |
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Marigold Shopping Center
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