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Marshalls 1375 Rocking W Dr 29,295 SF Retail Building Bishop, CA 93514 $7,950,000 ($271.38/SF) 6.12% Cap Rate
Investment Highlights
- Publicly Traded, Corporate Tenancy – The TJX Companies, Inc. (NYSE: TJX), the parent company of Marshalls, is a publicly traded, Fortune 100 company
- Strategic Hwy 395 Location – Located in Bishop, the gateway city to the greater Mammoth Mountain region that attracts ~2.8 million visitors annually
- Marshalls serves as the anchor to an established retail center, Bishop Plaza (82,000+ SF), which attracts approximately 1 million annual visits
- 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
- Proven Retail Trade Area and Center – Bishop is the dominant retail destination in this regional trade area for locals and travelers alike
Executive Summary
* 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
* 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
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
29,295 SF
Building Class
C
Year Built/Renovated
1988/2025
Price
$7,950,000
Price Per SF
$271.38
Cap Rate
6.12%
NOI
$486,297
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
2.76 AC
Zoning
C-1 - General Commercial
Parking
121 Spaces (4.13 Spaces per 1,000 SF Leased)
Frontage
59’ on Rocking W
Amenities
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
4,185
11,627
11,817
2030 Population
4,109
11,530
11,723
2025-2030 Projected Population Growth
-1.8%
-0.8%
-0.8%
Median Age
42.9
44.2
44.2
College Degree + Higher
18%
27%
27%
Daytime Employees
777
6,298
6,377
Total Businesses
103
875
891
Average Household Income
$79,807
$103,575
$103,648
Median Household Income
$66,835
$83,838
$83,869
Total Consumer Spending
$52.2M
$163.1M
$166M
2025 Households
1,685
4,919
5,001
Average Home Value
$386,817
$455,994
$457,305
Property Taxes
| Parcel Number | 010-301-18 | Improvements Assessment | $1,450,000 |
| Land Assessment | $1,000,000 | Total Assessment | $2,450,000 |
Property Taxes
Parcel Number
010-301-18
Land Assessment
$1,000,000
Improvements Assessment
$1,450,000
Total Assessment
$2,450,000
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