Marcus & Millichap is pleased to present for sale a 0.62 acre pad in a La Bonita Grocery anchored shopping center. This attractive development site lies directly adjacent to the anchor space which is newly occupied by a popular Hispanic grocery chain. The addition of this tenant has completely revitalized the center . This pad provides a developer with approximately 7,500 square feet of buildable are a. Tenants within this center benefit from substantial exposure to both North Jones Boulevard and Cheyenne Avenue which have a combined average daily traffic count of nearly 55,000 vehicles per day.
The surrounding residential district is strong and provides a diverse customer base to draw from. There are over 175,000 people residing within three miles of the subject with an average household income of $62,000 annually. In addition to the introduction of a new anchor tenant this submarket is home to many complimentary retailers including: Dollar Tree, EZ Pawn, Dottys, Walgreens, Dollar General, Wells Fargo, and many more.
