Repositioned NNN Retail
For Sale
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851-1011 W Olive Ave, Merced, CA 95348
Newly repositioned NNN retail center with major tenants and newly completed redevelopment from a former Sears box.
Property Size85,892 SF
Price / SF$355.10
Days on Market192
Property Features for 851-1011 W Olive Ave
General Information
Standard status
Active
Size
85,892 SF
Property subtype
RETAIL
Additional Details
Traffic Count
40,459 vehicles/day
Building Details
Tenancy
Multi
Listing Agency:
Kidder Mathews
(310) 807-0880
Listed By:
Simon Mattox · License #01732008
(310) 796-6229
Source:
Moodyscre
Added: Mar 4
Changed: Sep 9
Last Checked: Sep 12 at 3:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews
Investment Insights
Based on property information with market context.
The Shoppes at Merced is a newly repositioned NNN retail center totaling 85,892 square feet, completed after a full-scale redevelopment and lease-up campaign following its former Sears box configuration. The tenant lineup includes Burlington, PetCo, Five Below, ULTA, Carter’s, Tilly’s, Rack Room Shoes, Bed Bath & Body Works, and Mattress Firm, alongside proposed or under-development shadow anchors including Vallarta Supermarket, Crunch Fitness, Raising Cane’s, and In-N-Out.
The property is described as a “main & main” retail location at a signalized intersection on W Olive Ave & R Street in the heart of Merced’s primary retail corridor. The site benefits from a high-traffic intersection with 40,459 VPD and is across the street from Target, with Marketplace at Merced immediately adjacent, noted as undergoing major renovation.
As presented, the center operates on an NNN basis and is currently aligned with secured long-term income through recently signed leases with weighted average remaining term (WALT) of 10.0. Reported NOI is $2,059,401.
The property is described as a “main & main” retail location at a signalized intersection on W Olive Ave & R Street in the heart of Merced’s primary retail corridor. The site benefits from a high-traffic intersection with 40,459 VPD and is across the street from Target, with Marketplace at Merced immediately adjacent, noted as undergoing major renovation.
As presented, the center operates on an NNN basis and is currently aligned with secured long-term income through recently signed leases with weighted average remaining term (WALT) of 10.0. Reported NOI is $2,059,401.
Key Highlights
- ±85,892 SF newly repositioned NNN retail center shadow anchored by Vallarta Supermarket
- New redevelopment completed on a former Sears box and successfully leased up with a national tenant roster
- Tenant lineup includes Burlington, PetCo, Five Below, ULTA, Carter’s, Tilly’s, Rack Room Shoes, Bed Bath & Body Works, and Mattress Firm
Property Analytics
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Open Analytics
Current Use
Lease Details
40,459 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
812
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95348, CA
35,066
Population
12,173
Households
2.9
Avg Household Size
30
Median Age
19%
College-Educated
80%
High-School Grad
59.0 sq mi
ZIP Area
594
Density / Sq Mi
$63,618
Median Household Income
$40,171
Median Earnings
$1,498
Median Rent
$352,700
Median Home Value
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Shopping center - Newly repositioned NNN retail center with major tenants and newly completed redevelopment from a former Sears box.
Where is this shopping center located?
The property is located at 851-1011 W Olive Ave Merced, CA.
What is the asking price?
The asking price for this property is $30,500,000.
What are key features of this property?
This property features: ±85,892 SF newly repositioned NNN retail center shadow anchored by Vallarta Supermarket; New redevelopment completed on a former Sears box and successfully leased up with a national tenant roster; Tenant lineup includes Burlington, PetCo, Five Below, ULTA, Carter’s, Tilly’s, Rack Room Shoes, Bed Bath & Body Works, and Mattress Firm
