Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a prime 32,000-square-foot retail anchor building, formerly occupied by VONS, in a highly desirable infill location. This owner-user or investor opportunity is priced below replacement cost at just $248 per square foot, offering exceptional value in today’s market. Situated on 2.76 acres, the property features 118 parking stalls with a 3.68 per 1,000 square feet parking ratio, plus reciprocal parking within the shopping center. The asset is part of a thriving 78,492-square-foot neighborhood retail center, co-anchored by CVS Pharmacy, Healthy Paws Animal Hospital, Citi Bank, and a strong mix of daily-needs tenants that drive consistent consumer traffic. With excellent visibility and accessibility, the property boasts a 30-foot double-sided pylon sign along Arrow Highway, as well as four total ingress/egress points—two on Arrow Highway and two on Bonnie Cove Avenue. The location sits at a high-traffic signalized intersection, benefiting from over 40,000 vehicles per day (Placer.ai data). Additionally, the property is positioned in a dense, affluent trade area, with a three-mile radius population exceeding 161,000 residents and an average household income of $114,341. This rare investment opportunity presents a compelling combination of strategic location, strong demographics, and excellent co-tenancy, making it an ideal acquisition for investors and retailers seeking a high-exposure presence in a vibrant retail corridor.