2638 Somersville Rd
Property Description
The Commercial Portion includes the existing grocery anchored five tenant ±40,677 SF in-line retail building located on ±11.61 acres. The retail building, which will be maintained during and after redevelopment, is anchored by the neighborhood grocer Smart & Final which has seen steady sales growth at this location since 2016. Also included in the offering is the commercial pad located on the southeastern portion of the site which is currently ground leased to Starbucks (“Starbucks Pad”), and the currently undeveloped commercial pad (“Pad-J”), located at the southwestern corner of the site. The existing retail tenants provide the developer with a key in-place triple net income stream from day one of ownership, further adding to the unparalleled offering at The Village at Somersville Towne Center.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Year Built: | 1969 |
| Lot Size: | 11.61 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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