This Retail Property is Off-Market.

260 S. Main Street (Hwy 49)
Angels Camp, CA 95221 ·

77,967 SF · Retail For Sale

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Angels Camp Town Center

Price N/A Occupancy 97%
Building Size 77,967 SF No. Stories 1
Property Type Retail Tenancy Multiple
Property Sub-type Anchor Year Built 1986
Property Use Type Net Lease Investment with 10+ years left on lease Lot Size 5.02 AC
Cap Rate 9.80%
Listing ID: 15555794 Date Created: 02/08/2008 Last Updated: 11/30/2009

Description

Angels Towne Center is a SaveMart and Rite Aid anchored shopping center located at the intersection of State Highways 4 and 49. SaveMart is the only supermarket within 10 miles (the nearest competitor is another Save Mart, 17 miles away in Sonora). Angels Towne Center also hosts three restaurants, including Straw Hat Pizza, Burger King (NAP) and Taco Bell (NAP). The center's highway frontage and food tenancy are a strong draw for the tourist traffic passing the center.

Angels Camp is located on State Highway 49, which runs through Northern California's Gold Country. It is located in the Sierra Nevada Foothills due east of Stockton and Lodi. Angels Camp's main industry is tourism, with attractions such as caverns for public viewing, professional golf, a beautiful lake and marina with houseboat and fishing boat rentals, historic buildings and monuments, shops and eateries. North of the Offering on Hwy 49 is Frog Jump Plaza, which plays on the city's history as the setting for Mark Twain's 1864 short story "The Celebrated Jumping Frog of Calaveras County."

Highlights

  • Grocery Anchored Center with No Nearby Supermarket Compeititon
  • Strong Sales at Grocery + Drug Anchors
  • Stable Investment - 97% Leased
  • Located in Sierra Nevada Foothills, with High Barriers to Entry for New Competition

Research

260 S. Main Street (Hwy 49), Angels Camp, CA 95221 (Calaveras County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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