1930-1950 Yosemite Pky
Merced, CA 95341
The Playa Merced · Retail Property For Sale

The offering is a grocery-anchored shopping center located in the thriving central valley city of Merced, CA, which is also home to UC Merced, a dynamic and growing campus within the University of California system. Anchored by Rancho San Miguel Market and CVS (not a part of sale), the shopping center consists of an additional ten tenants including Mountain Mike’s Pizza, MetroPCS, Fred Loya Insurance and also includes a buildable pad located at one of the entrances to the center. Rancho San Miguel Market accounts for 78.65% of the 68,207 rentable square feet and is the only full service grocery store located in the submarket. The center is currently 100% occupied with a recently extended 15-year lease term on the Rancho San Miguel Market grocery anchor. The subject property is conveniently located on a signalized, hard corner which sees approximately 22,100 VPD, and is a 5-minute drive from downtown Merced. The shopping center draws from the surrounding residential neighborhoods as well as nearby Joe Herb Community Park and various schools including Golden Valley High School with approximately 1,729 students. The center is ideally located in close proximity to Highway 140 and benefits from excellent accessibility and visibility from the highway which also merges onto Interstate 99, the main highway artery in central California with traffic counts of 44,000 VPD. Nearby retailers include McDonald’s, Starbucks, Burger King, KFC, Family Dollar, and more. There are 98,919 residents within a 5-mile radius with average household incomes in excess of $65,000. Merced is the county seat of Merced County in the San Joaquin Valley. It is home to the University of California, Merced, the first research university built in the U.S. in the 21st century. In 2018, UC Merced had an undergraduate enrollment of 7,881 students and a graduate enrollment of 663 students, with projections to further increase those numbers in future years. The campus has contributed more than $23 billion to the region and state’s economy since operations began in 2000.