15000-15040 S Harlan Rd
Lathrop, CA 95330
Save Mart Center · Retail Property For Sale

HFF has been exclusively retained by Ownership to offer qualified investors the exciting opportunity to acquire the fee simple interest in Save Mart Center (the “Property” or “Center”), an 80,640 SF grocery-anchored shopping center located in Lathrop, California. The Property is 100% leased and anchored by Save Mart Supermarkets with sales over $457/SF and a lease term extending through 2025. The Property is located in a trade area with over 86,000 residents within a 5-mile radius and average household incomes exceeding $75,000. The Center offers a complementary mix of national and regional tenants including Chase Bank, Starbucks Coffee, Baskin Robbins, Papa Murphy’s, and Mikasa Japanese Bistro. Save Mart Center is prominently positioned with great visibility exposing it to nearly 95,000 vehicles per day via Interstate-5 and over 20,000 vehicles via the surrounding arteries of Harlan Rd. and W. Lathrop Rd. The Property provides a great opportunity to acquire a high-performing grocery-anchored Center with extremely stable cash flows. Total sales price for this Center is $16,400,000 reflecting a cap rate of 7.0% and an in-place NOI of $1,141,951. This opportunity provides investors strong leveraged cash on cash returns of 11%.