- For Sale Subject To Offer
- Property Type Retail - Street Retail
- Property Size 85,892 SF
- Property Tenancy Multi-Tenant
- Date Updated May 7, 2026
Description
The property boasts a “main & main” location within the heart of Merced’s primary retail corridor at the high traffic (±40,459 VPD) signalized intersection of W Olive Ave & R Street.A former Sears Box, the asset recently completed a successful full-scale redevelopment and lease up campaign resulting in a synergistic national and credit tenant line up of Burlington, PetCo, Five Below, ULTA, Carter’s, Tilly’s, Rack Room Shoes, Bed Bath & Body Works, and Mattress Firm. The newly signed leases (±10.0 WALT) offer highly secured long-term income from a diverse and complementary tenant roster. The property boasts a “main & main” location within the heart of Merced’s primary retail corridor at the high traffic (±40,459 VPD) signalized intersection of W Olive Ave & R Street. The property is immediately adjacent Marketplace at Merced (Merced’s only regional shopping mall which is currently undergoing a major renovation) creating strong foot traffic and cross-shopping from an existing loyal customer base In Downtown Merced.
Highlights
- Anchored by Burlington (±25,187 SF/29% of GLA), a publicly traded (NYSE: BURL) leading national off-price retailer boasting 2024 annual revenues of $10.63 B. Burlington’s resilient “off-price” business model allows the company to thrive in all economic cycles.
- The diversified tenant mix features an ideal combination of “essential retail” categories that promote frequent customer visits and cross-shopping synergies
- The property is 100% leased to National / Regional recognized credit tenants.
- The subject property is also supported by newly developed pads leased to national tenants Pollo Campero (NAP) and Aspen Dental (NAP) which drive additional customer traffic and cross shopping synergy to the center.
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Contacts
Nick Frechou
Retail California CRE
Location
Contact Listing Broker
Nick Frechou
Retail California CRE