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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

Property Type:Retail Sub Type:Supermarket Status:Existing Year Built:1977
Building Size:35,341 SF Land Area:3.72 AC (162,043 SF)
For Sale Price:$2,737,000 Price/SF:$77.45
Cap Rate:7.75 %
Parking:302 Surface spaces are available; Ratio of 6.7/1,000 SF Anchor Tenants:Food City Supermarket

Sale Notes:
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.

Faris Lee Investments
Joe Chichester
(949) 221-1813

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