Shops at Main Street
The Shops at Main Street is the leasehold interest in a 50,755 sq. ft., multi-tenant retail center located in a rapidly gentrifying submarket of Corona, CA, and is anchored by Pep Boys, which does over 2 billion dollars in revenue nationwide.
The acquisition of Pep Boys Plaza provides the opportunity to own a well-located retail center with a stable national credit anchor tenant.
The property is well positioned to capitalize on the improving surroundings including a mixed-use development project that includes 868 luxury apartment units and the expansion of State Route 91, which already has 280,000 average cars per day.
The property is currently undergoing a capital expenditure program which will include façade renovation as well as exterior site improvements, which is expected to attract additional interest from quality tenants.