Smart & Final Value-Add Center 601-751 E Hobson Way 59,690 SF 48% Leased Retail Building Blythe, CA 92225 $6,421,232 CAD ($107.58 CAD/SF)

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).