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9/16/24
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Pic N Save Bargains inked a 10-year lease for a 29.7k sf anchor space within a Superior grocers-anchored retail property in Victorville. The space, located at 14670 7th St, was formerly a 99 Cents Only Store.
The store is expected to open in November of this year. Other tenants in the center and nearby include Costco, Food 4 Less, dd’s Discounts, Harbor Freight Tools and numerous other value oriented national tenants.
The shopping center is located near the I-15 Fwy at the signalized intersection of 7th St and La Paz Dr, with visibility to an average of over 30,000 cars per day. Furthermore, the property is easily accessible to the over 225,000 people who live within 15 minutes of the property that have a median household income of $74,580.
Brad Umansky and Monica Dal Bianco West with Progressive Real Estate Partners represented the landlord in the transaction. James Clark from James S. Clark Consulting in Irvine repped the tenant.
Founded in 2019, Pic N Save Bargains is a relatively new concept that is a reinvention of the former Pic N Save brand that exited the marketplace in the early 2000s after being sold to a competitor. Leading the new venture is Mark Miller who has an extensive background in retailing including serving as President of the original Pic N Save for 15 years. The first two Pic N Save Bargain stores have already successfully opened in Anaheim and Whittier with several more expected to open in the next 12 months including the Victorville location.
Pic N Save Bargains offers a “treasure hunt” like shopping experience featuring a wide assortment of close-out and bargain merchandise including products from top brands across categories such as home essentials, party supplies, seasonal decor and grocery items. The interior of the Victorville store is being updated to reflect the brand’s mission of creating a fun, clean and well-organized shopping environment. There is plenty of convenient parking and the store will be prominently featured on the shopping center pylon signage providing high visibility for shoppers.
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