Properties

Originally developed in 1995, Palm Promenade is anchored by Walmart (N.A.P.), Vons (N.A.P.), AMC Theatres- 24 plex (N.A.P.) and Home Depot (N.A.P.) and includes a total of ±617,000 SF making it one of the largest, most dominant community/power centers in San Diego County. With approximately 3,000 feet of freeway frontage along Interstate 805, Palm Promenade offers tremendous freeway visibility and convenient
access to the ±2,000 unit master planned community of Ocean View Hills immediate surrounding the Center. In addition, the Center benefits from the nearby Kaiser Medical Center located across the street.

Palm Promenade has been 100% leased for the past 14 years, other than replacing Blockbuster Video, which was done prior to Blockbuster' s closing. This has created tremendous stability and allows a buyer to benefit from the sizable
upside potential when leases roll over, as ±83% of the tenants in the offering (by SF) are under market and ±77% of the offering square footage is credit/national/regional tenants.