The Commercial Portion includes the existing grocery anchored five tenant ±40,677 SF in-line retail building located on ±11.61 acres. The retail building, which will be maintained during and after redevelopment, is anchored by the neighborhood grocer Smart & Final which has seen steady sales growth at this location since 2016. Also included in the offering is the commercial pad located on the southeastern portion of the site which is currently ground leased to Starbucks (“Starbucks Pad”), and the currently undeveloped commercial pad (“Pad-J”), located at the southwestern corner of the site. The existing retail tenants provide the developer with a key in-place triple net income stream from day one of ownership, further adding to the unparalleled offering at The Village at Somersville Towne Center.
For Sale Retail Center Adjacent To Development Site | 11.61 Acres Antioch, CA
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
