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1300 N San Antonio Avenue - Food City, Douglas, AZ
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1300 N San Antonio Avenue - Food City
Douglas, AZ 85607-2422
3.72 AC (162,043 SF)
For Sale Price:
302 Surface spaces are available; Ratio of 6.7/1,000 SF
Food City Supermarket
Faris Lee Investments is pleased to offer for sale the fee simple interest (land & building) in a freestanding, single tenant, absolute NNN leased, Food City, located in Douglas, AZ. The tenant, Food City, has approximately 7-years remaining in the current term with 2 (5-year) options to extend. The tenant recently announced a store renovation for this site scheduled for Fall 2015. Also, the store has had year-over-year sales increases featuring a very strong rent-to-sales ratio (contact listing Agents for more information). The lease features rental increases of approximately 8% at the beginning of each option period, which generates steady NOI growth and hedges against inflation.
Food City is a subsidiary of Bashas' , Inc. Bashas' , is a privately held family-owned grocery chain. Bashas' offers natural and organic food, pharmacy programs, lab screenings, made-from-scratch bakery items, fresh produce, and entrees. The Bashas' Family of Stores includes; Bashas' , Bashas' Dine Market, AJ' s Fine Foods and Food City. Bashas' , Inc. has approximately 130 stores serving the state' s 15 counties under the Bashas' name.
The subject property is ideally located along San Antonio Avenue and near the signalized, hard corner intersection of San Antonio Avenue & 11th Street. The subject property is located close to the border crossing town of Agua Prieta, Mexico and in close proximity to Douglas Municipal Airport.
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Faris Lee Investments
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