300 S Highland Springs Ave · Banning, CA 92220 · Specialty Retail
We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.
Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.
Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.
▪ Grocery Shadow Anchored Center with National and Regional Brand Operators – Sun Lakes Village represents a rare opportunity to acquire a grocery shadow anchored center in Southern California with a synergistic mix of national, regional, and local anchor, inline and pad tenants, including CosmoProf, Spectrum, Waba Grill, Postal Annex, Sally Beauty Supply, Purpose Financial, Baskin Robbins, and Quest Diagnostics as part of the owned property with Albertson’s, Hobby Lobby, Marshalls, PetSmart, Boot Barn, Big 5, US Bank, Carl’s Jr., Chipotle, and others as co-tenants in the larger center
▪ Stabilized Center with Upside – At 93% occupancy and with long-term tenants in place, Sun Lakes Village boasts stable tenancy with 3.57 years of weighted-average lease term remaining (WALT) and an immediate upside opportunity through the lease-up of 2,993 SF of vacancy in one remaining suite
▪ Improving Returns – Through the lease-up of vacant space, below-market rents rolling to market, and embedded rental escalations, the Net Operating Income is expected to increase more than $125,000 (14%) upon stabilization and $352,000 (39%) over the expected hold period with a 3.4% compound annual growth rate (CAGR)
▪ Multiple Parcel “Spin Off” Opportunity – With its 4 parcels, Sun Lakes Village presents investors with the opportunity to spin-off portions in separate sales to reduce basis and increase returns
▪ Dominant Retail Hub Location – Highland Springs Ave is the dominant retail street and hub in the immediate trade area, proving the viability of Sun Lakes Village as a retail property and location. In addition to the tenants within Sun Lakes Village, adjacent retailers include Walmart Supercenter, The Home Depot, ALDI, Ross Dress for Less, HomeGoods, Best Buy, Petco, Kohls, In-N-Out Burger, and many other national and regional retailers - this is THE location for retail in Banning!
We represent buyers on a cooperating commission basis. On the majority of transactions there is no separate fee to you.
Property details and lease terms are open. Photography, the offering memorandum, lease abstract and due diligence materials are shared with registered buyers.
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Asking-market observation aggregated from public listing sources, last observed Sep 4, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.