Rosecrans Crossing Shopping Center
2215 W Rosecrans Ave, Compton, CA
The Offering
Top performing strip retail center, infill Los Angeles County
As exclusive advisor, Institutional Property Advisors (“IPA”) is pleased to offer the opportunity to acquire Rosecrans Crossing Shopping Center (the “Property”), which is a 92% leased, 25,094 square foot retail center advantageously located near the highly trafficked intersection of W Rosecrans Avenue & S Central Avenue (+81,071 VPD). The Property benefits from an infill location with population counts of 271,710 within a 3 mile radius and 823,615 within 5 miles and boasts a diversified rent roll with an internet resistant tenant mix. Rosecrans Crossings presents an opportunity to purchase a cash flowing retail asset with high national credit occupancy, and room to increase revenue through vacancy lease up.
Property Highlights
YEAR 2 NOI GROWTH
NOI grows by 16.67% in Year 2 due to lease up and scheduled rent increases
NOI grows by 16.67% in Year 2 due to lease up and scheduled rent increases
DENSE, FAVORABLE INFILL DEMOGRAPHICS
Located in the Northwest corner of Compton and close proximity to both the 105 and 110 highways, Rosecrans Crossing is perfectly situated to benefit from the high population counts of infill Los Angeles
Located in the Northwest corner of Compton and close proximity to both the 105 and 110 highways, Rosecrans Crossing is perfectly situated to benefit from the high population counts of infill Los Angeles
DOMINANT 7-ELEVEN LOCATION
The 7 Eleven at Rosecrans Crossing ranks in the 93rd percentile of all US 7 Eleven locations in store visits.
The 7 Eleven at Rosecrans Crossing ranks in the 93rd percentile of all US 7 Eleven locations in store visits.
GREAT TRAFFIC EXPOSURE
With two access points on W Rosecrans Ave (28,578 VPD) and close proximity to S Central Ave (23,729 VPD), Rosecrans Crossing benefits from high traffic volume and large employment centers in the nearby area.
With two access points on W Rosecrans Ave (28,578 VPD) and close proximity to S Central Ave (23,729 VPD), Rosecrans Crossing benefits from high traffic volume and large employment centers in the nearby area.
NATIONAL CREDIT TENANT RENTAL INCOME
44% of Rosecrans Crossing’s revenue is from national credit tenants.
44% of Rosecrans Crossing’s revenue is from national credit tenants.
INSTITUTIONAL INVESTMENT IN IMMEDIATE TRADE AREA
Surrounding Rosecrans Crossing are multiple newer industrial buildings with institutional ownership which maintain high levels of upkeep to preserve value in their investments
Surrounding Rosecrans Crossing are multiple newer industrial buildings with institutional ownership which maintain high levels of upkeep to preserve value in their investments
HIGH BARRIERS TO ENTRY
The property’s infill location and lack of surrounding developable land ensure long term stability for the property and protection against increased competitive properties in the future
The property’s infill location and lack of surrounding developable land ensure long term stability for the property and protection against increased competitive properties in the future
UNENCUMBERED ASSET
The Property is being offered free and clear of existing debt, allowing investors to source accretive financing to generate attractive leveraged returns.
The Property is being offered free and clear of existing debt, allowing investors to source accretive financing to generate attractive leveraged returns.
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