2014-2062 Lake Tahoe Blvd
South Lake Tahoe, CA 96150
The Crossing at Tahoe Valley · Commerce de détail Propriété À vendre

CBRE, as exclusive advisor, is pleased to offer for sale The Crossing at Tahoe Valley located at 2014-2062 Lake Tahoe Blvd in South Lake Tahoe, CA. The Crossing at Tahoe Valley is a ±48,017 square foot lifestyle shopping center and was constructed in 1973 and renovated in 2017. Located at the “Y” of South Lake Tahoe, the convergence of Hwy 50 and Hwy 89, the Property benefits from the prominent location. The Property’s square footage is split between two in-line buildings situated on a ±4.90-acre parcel. With a 93% occupancy rate, the shopping center boasts an award-winning and synergistic collection of restaurants, health and wellness providers, fitness center, and boutique shops, appealing to both Lake Tahoe residents and tourists.
The Crossing at Tahoe Valley is anchored by Big 5 Sporting Goods, a well-visited store according to Placer.ai. The other tenants in the center include Compass Real Estate, T-Mobile, West Coast Sourdough, Elevate Wellness Center, IV Wellness, Verde Mexican Rotisserie, Tahoe Home Consignment, Lake Tahoe AleWorx, The Cocktail Corner, Cuppa Tahoe, Sugar Pine Housing, Earthwise Pet, Boca Dental, and Vacasa. The tenants within the Property have staggered lease terms, with the longest remaining lease term belonging to Boca Dental, with 10 years remaining. The weighted average remaining lease term (WALT) for The Crossing at Tahoe Valley is 3.11 years.