The subject property is located in Merced Marketplace Shopping Center on Merced’s primary retail corridor, Olive Avenue. Major co-tenants include Lowe’s, MOR Furniture, Dollar tree, Work World, Great Clips, Starbucks, Applebee’s, Round Table Pizza, Del Taco, Panda Express, and Jamba Juice.
Merced Marketplace consists of 26± acres with a GLA in excess of 250,000± square feet. It is one of the newest regional shopping centers in Merced. The center is positioned across the street from Walmart, Food Maxx, and Hobby Lobby. The center benefits from prime Olive Avenue exposure and is
located in close proximity to both State Highway 99 and 59. National retailers in the immediate area include Target, Kohls, JC Penney, Food 4 Less, Ross, 99 Cents
Only, Petsmart, Michael’s, and UA Theaters.