3511 Del Paso Rd
Sacramento, CA 95835
WESTLAKE VILLAGE (INLINE SHOPS) · Retail Property For Sale

HIGHLIGHTS •Property tours are available. Please contact Bill Asher at 949-585-7684 or basher@hanleyinvestment.com to RSVP. •Shops to Walgreens Anchored Shopping Center: 86% occupied multi-tenant shops comprised of 17,160 square feet featuring seven daily needs retailers immediately adjacent to a strong performing Walgreens. •Value-Add Investment Opportunity; Upside Potential: At 86% current occupancy, the Shops at Westlake Village offers an investor the opportunity to lease-up two highly desirable spaces accounting for 14% of the total square footage and equating to a potential unleveraged increase in return of approximately 50-75 basis points once leased. •Excellent Mix of Synergistic and Internet Resistant National/Regional Tenants: The Shops at Westlake Village includes Allstate Insurance, AIM Mail Center, Chase Bank, Creative Nails Spa, Donahue Schriber, Subway, and Westlake Hair Studio. •Chase Bank and Donahue Schriber occupy approximately 51% of the subject offering: Chase Bank (S&P: A+): A tenant at the property for over 9.5 years, annual deposits have consistently increased at this location since opening in 2008 including approximately 26% year over year from 2015 to 2016. •Donahue Schriber: Is a privately-held Real Estate Investment Trust (REIT) with 62 shopping centers representing over 11 million square feet of retail space throughout California, Nevada, Oregon, and Washington. Donahue Schriber currently manages 4.3 million square feet of their portfolio from the office located at Westlake Village Center. •Secure In-Place Cash Flow: 100% of the occupied square footage has leased space at the property since 2011, providing a prospective investor with a reliable income stream and long-term stability. Detailed Description Investors have the opportunity to acquire Westlake Village (In-Line Shops), a stabilized 17,160 SF neighborhood retail center located in Sacramento, CA. The Property is located in a retail center anchored by Walgreens, and currently, 86% occupied featuring an impressive tenant roll of national & regional credit tenants including Chase Bank, Subway, and Donahue Schriber management office, amongst local tenants. Westlake Village (In-Line Shops) presents a perfect opportunity to add value through leasing up the remaining 2,400 SF of vacant retail space. The retail center is conveniently located on the corner of Del Paso Rd and El Centro Rd and within a half a mile from Interstate 5 (140,000 cars per day), the main Interstate Highway on the West Coast of the United States, running largely parallel to the Pacific coast of the continental U.S. from Mexico to Canada. Investors have the opportunity to purchase sections of the Westlake Village (Portfolio) that fit perfectly within their real-estate footprint. The opportunity is available for the purchase of the Westlake Village (Portfolio) in its entirety or purchase Westlake Village (NNN Walgreens), Westlake Village (Inline Shops Phase 1) and Westlake Village (Development Opportunity) separately. LOCATION HIGHLIGHTS •Signalized Intersection Location: Located at the intersection of Del Paso Road and El Centro Road within the Westlake master-planned community. •Freeway Accessible: Westlake Village is conveniently located half a mile from Interstate 5 (140,000 cars per day), the main Interstate Highway on the West Coast of the United States, running largely parallel to the Pacific coast of the continental U.S. from Mexico to Canada. •Affluent Demographics: Average household income of nearly $100,000 within a 1-mile radius of the subject property. •Close Proximity to Sacramento International Airport: Sacramento International Airport is conveniently located 5 miles from Westlake Village with more than 10 million annual passengers and offering national and international flights from 12 major carriers. •Favorable Sacramento Location: Sacramento is the capital city of California and the state’s 6th largest city; the seven-county Sacramento MSA has a population of more than 2.5 billion people and is projecting 285,000 new housing units over the next 25 years, expanding the region by nearly 30%. •High Growth Trade Area / Site of Future Development.