Bishop Retail for Sale
* Publicly Traded, Corporate Tenancy – The TJX Companies, Inc. (NYSE: TJX), the parent company of Marshalls, is a publicly traded, Fortune 100 company and the leading off-price retailer of apparel and home fashions in the US and worldwide with over 5,200 stores across nine countries, annual revenue surpassing $60 billion, a $167 billion market cap, and an investment grade S&P rating of A
* Corporate NNN Lease – Marshalls operates on a brand-new, long-term NNN lease with a corporate signature, over 9 years of “firm” remaining lease term, and the depreciation benefits of owning the improvements
* Strategic Highway 395 Location – Located in Bishop, the gateway city to the greater Mammoth Mountain and Eastern Sierra Nevada region that attracts ~2.8 million visitors annually, and directly along Highway 395, THE primary north-south highway through this larger regional trade area with exposure to ±17,000 cars per day
* Proven Retail Trade Area and Center – Bishop is the dominant retail destination in this regional trade area for locals and travelers alike, as witnessed by the demand for and performance by its retailers
* Bishop Plaza – Marshalls serves as the anchor to an established retail center, Bishop Plaza (82,000+ SF), which attracts approximately 1 million annual visits according to Placer.ai. The center features a strong complementary tenant mix, including Big 5, AutoZone, Subway, Domino’s, and others - according to Placer.ai, this Big 5 is in the top 82% percentile statewide and 85% nationwide within the chain
* High-Demand, Synergistic Retailers – Retailers in Bishop include Vons, Smart & Final, Grocery Outlet, Dollar Tree, Starbucks, O’Reilly Auto Parts, McDonalds, Taco Bell, Bank of America, Chase Bank, and many more – according to Placer.ai, Vons is in the top 87% percentile within the chain, Smart & Final in the mid-40% percentile, and Grocery Outlet in the 74% percentile