* Trader Joe’s Anchored Shopping Center – Anchored by Trader Joe’s and shadow anchored by Lowe’s (NAP) along with a synergistic mix of co-tenants including Home Consignment Center, Adam’s Meat Shop, A-1 Comics, Beauty Haus Nails, and more
* Leasing Momentum – Trader Joe’s recently exercised a 10-year renewal option proving its commitment the site and the long-term viability of the shopping center
* Strong Historical Occupancy – Secure, established income stream – 5 tenants totaling ±31,817 SF (74% of the leased GLA) have occupied the property for ±12 years or more including national brands Trader Joe’s and Home Consignment Center having operated for +20 years, demonstrating a recession resistant asset with high tenant demand
* High-Traffic, Easily Accessible Location – Folsom Town Center is situated on E Bidwell St (±22,849 CPD), Montrose Dr (±5,030 CPD), and adjacent to Blue Ravine Rd (±20,705 CPD), and less than 2 miles away from El Dorado Fwy (±97,490 CPD), making the property easily accessible to local and regional patrons alike
* Growing Residential Proximity – Proximity to ±11,000 new homes recently built or planned in Folsom on the south side of Highway 50. Folsom ranks as the third fastest-growing city in California according to the State Finance Department, keeping the property busy during all days of the week
* Improving, Affluent Demographics – More than 84,807 people within a 3-mile radius, with an Average Household Income of $174,868, and more than 161,497 people within a 5-mile radius, with an Average Household Income of $188,642