851 W Olive Ave Merced, CA 95348

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at 851 W Olive Ave Contact us

Listing office Ethan Conrad Properties Inc Show Phone

Listing date Jun 18, 2024

Source Crexi

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Investment Insights

Based on property information with market context.

Marketplace at Merced, a 53-acre shopping destination servicing a large geographic section of California’s Central Valley, is undergoing a major redevelopment. The redevelopment aims to shift the focus towards entertainment and service-oriented businesses to increase foot traffic and repeat customers. Located in the rapidly growing Central region of California, the city of Merced is projected to experience significant population growth. The San Joaquin Valley is expected to see a significant portion of California’s projected population growth of over 10 million people by 2030. The property is in close proximity to Merced College and surrounded by a dense residential population. Major surrounding national tenants include Target, JCPenney, Kohl’s, Michael’s, and Big Lots! Vallarta Market, Crunch Fitness, and Raising Cane's leases have been signed. Boot Barn and Shoe Palace are now open. In 2023, Merced Mall had 3.66 million visitors per year.

Key Highlights

• High traffic location with 3.66 million visitors per year (in 2023).
• Anchored by major national tenants including Target, JCPenney, and Kohl’s.
• New leases signed with Vallarta Market, Crunch Fitness, and Raising Cane's; Boot Barn and Shoe Palace now open.

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FAQs

What type of property is this?

Shopping center - 53-acre shopping center undergoing redevelopment in growing Central California.

Where is this shopping center located?

The property is located at 851 W Olive Ave Merced, CA.

What are key features of this property?

This property features: High traffic location with **3.66 million visitors per year** (in 2023).; Anchored by major national tenants including Target, JCPenney, and Kohl’s.; New leases signed with Vallarta Market, Crunch Fitness, and Raising Cane's; Boot Barn and Shoe Palace now open.