Golden Black Capital

Proof Of Execution Across Essential Retail

A selection of assets managed, developed, or previously operated by Golden Black Capital and affiliated entities.

Overview

Proof of execution.
The assets shown represent a selection of retail properties managed, developed, or previously operated by Golden Black Capital and affiliated entities, demonstrating execution capabilities across essential retail formats.

Assets Under Management & Development

The assets shown represent a selection of retail properties managed, developed, or previously operated by Golden Black Capital and affiliated entities, demonstrating execution capabilities across essential retail formats.
Crossroads at Clovis

Crossroads at Clovis

80 W. Bullard, Clovis, CA

Purchased: Jan 2023

$10.4MM

Olive Park

Olive Park

5814 W. Olive Ave, Glendale, AZ

Purchased: Feb 2022

$4.45MM

Miller Marketplace Shops

Miller Marketplace Shops

6213 S. Miller Rd, Buckeye, AZ

Purchased: May 2022

$5.5MM

Copperleaf Village

Copperleaf Village

701–725 NW 7 Hwy, Blue Springs, MO

Purchased: Jan 2023

$6.9MM

Miller Marketplace (New Construction)

Miller Marketplace (New Construction)

25055 W. Southern Ave, Buckeye, AZ

Purchased: Raw land in 2021

$530K

Causeway Shopping Center

Causeway Shopping Center

203–299 E. Eau Gallie Blvd, Melbourne, FL

Purchased: Aug 2024

$16.5MM

Assets shown for illustrative purposes only. Not all assets are owned by the same entity or currently held under management.

Our Approach

How Execution Is Repeatable
Golden Black Capital follows a disciplined, hands-on operating process:
STEP ONE
ACQUIRE
Acquire assets with strong fundamentals and embedded operational upside.
01
STEP TWO
REPOSITION
Reposition properties through leasing strategy, tenant mix optimization, and operational improvements.
02
STEP THREE
DEVELOP
Develop selective ground-up and redevelopment projects in proven retail corridors.
03
STEP FOUR
STABILIZE
Stabilize assets to support long-term ownership and durable cash flow.
04

Next Step

Discuss an opportunity or request information.
1

Submit an inquiry

2

Share what you’re evaluating (market / asset type / timeline)

3

We follow up with next steps and any applicable information

Value Creation

83K RSF grocery-anchored retail; 100% leased

Purchased Jan 2023 for $10.4MM; As-Is Value (Jul 2024): $12.53MM

Phase 1 drive-thru pad (~6K RSF): Starbucks leased 38%; dentist 62% (completed Sep 2025)

Phase 2 drive-thru pad (~6K RSF): site plan in progress; LOIs under review (est. start Q3 2026)

NOI $769K at purchase → $1.3M current → projected $1.7M after full lease-up

Projected value upon completion: $26M

Key Stats

83K RSF

100% leased

$10.4MM → $12.53MM

NOI: $0.77M → $1.3M

Value Creation

20K RSF shadow-anchored retail (16 tenants)

Purchased Feb 2022 for $4.45MM; 95% occupied; NOI $262K

Sold Mar 2024 for $5.5MM

Key Stats

20K RSF

95% Occupied

$4.45MM → $5.5MM

Hold: ~25 months

Value Creation

21K RSF retail (10 tenants); 100% leased

Purchased May 2022 for $5.5MM; NOI $332K → $580K current

2 acres improved pads for 10K RSF childcare development; LOIs in progress

Current value: $10M; post-development: $16M with NOI $1.1M

Key Stats

21K RSF

100% leased

$5.5MM Purchase

NOI: $0.33M → $0.58M

Value Creation

32K RSF retail (16 tenants); 99% leased vs 82% at purchase

Purchased Jan 2023 for $6.9M; NOI $423K → $550K current

Pad developed (4,683 RSF): Dutch Bros, Qdoba, Red Wing Shoes

Additional pad sold to Arvest Bank (Oct 2024) for $950K

Projected NOI upon completion: $805K (Sep 2025); total value ~ $12M

Key Stats

32K RSF

99% leased

$6.9M Purchase

NOI: $0.42M → $0.55M

Value Creation

Raw land purchased 2021 for $530K

Approved to build two drive-thru buildings (12,800 RSF total)

LOIs and leases signed: U.S. Navy/Army, Bosa Donuts, Burros & Fries

Projected value post-construction: $11M with NOI $750K

Target completion: Q4 2026

Key Stats

12.8K RSF

2 Buildings

$0.53M Land

Projected NOI: $0.75M

Value Creation

108K RSF retail (20 tenants); ~80% leased at acquisition

Purchased Aug 2024 for $16.5M

Repositioning tenant mix and pursuing national grocery anchor (Trader Joe’s) + TJ Max

Potential upside value: $25M with NOI $1.6M

Key Stats

108K RSF

~80% leased

$16.5M Purchase

Upside: $25M / $1.6M NOI