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1320 - 1338 E Florence Boulevard - Casa Grande Shopping Center - Casa Grande Shopping Center, Casa Grande, AZ

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1320 - 1338 E Florence Boulevard - Casa Grande Shopping Center - Casa Grande Shopping Center

Florence Bl & Colorado Bl
Casa Grande, AZ 85122-5302 - Outlying Pinal County Ret Submarket


Property Type:Retail Sub Type:Storefront Retail/Office Status:Existing , Renov 2003 Year Built:1981
Building Size:94,497 SF Land Area:6.26 AC (272,686 SF)
% Leased:
For Sale Price:$12,500,000 Price/SF:$132.28
Cap Rate:8.15 %
Smallest Space:992 SF Largest Space:1,620 SF Total Space Avail:2,612 SF Rent/SF/Yr:
$22.00
Parking:Free Surface spaces are available; Ratio of .69/1,000 SF Anchor Tenants:Big Lots
Features:Dedicated Turn Lane, Pylon Sign, Signage


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
992 SF
Negotiable
Vacant
3-5 yrs
Retail
 1st
1,620 SF
$22.00/SF/Yr
Vacant
Negotiable
Retail
 
6439559
11690039
Marketing Flyer Marketing Flyer  
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
992 SF
Negotiable
Vacant
3-5 yrs
Retail
1st
1,620 SF
$22.00/SF/Yr
Vacant
Negotiable
Retail

Sale Notes:
CBRE Phoenix Retail Investment Properties has been retained as the exclusive representative to offer qualified investors the opportunity to purchase Casa Grande Shopping Center (the "Property"), a recently remodeled ±94,497 square foot community shopping center located in Casa Grande, Arizona. Spanning 7.40 acres at the northeast corner of Florence Boulevard and Colorado Street, Casa Grande Shopping Center is 97% leased to a dynamic mix of national and local tenants, including: Big Lots (NYSE: BIG), OfficeMax (NYSE: ODP), Big 5 Sporting Goods (NASDAQ: BGFV), Pet Club, Metro PCS, Western Dental, Loan Max, Hertz and Jackson Hewitt, as well as a host of local retailers. Not included in the offering but providing an additional draw to the Property are: Dollar Tree, Mor Furniture for Less (opened September 2016), Great Western Bank and Dunkin' Donuts (just opened). Big Lots and OfficeMax recently relocated to the Property, and between the two, occupy over 50% of the gross leasable area.

Casa Grande Shopping Center is positioned two and half miles west of Interstate 10, the major arterial connecting Casa Grande to the Phoenix and Tucson metropolitan areas, boasting over 43,000 vehicles per day. Further drawing traffic to the immediate trade area is Banner Casa Grande Medical Center, located three blocks east of the Property, consisting of 187 beds and 170 physicians on staff.

Developed in 1982 and completely renovated in 2013, Casa Grande Shopping Center offers an investor a stable income stream from leading credit and national retailers with limited near term rollover at only $132/SF, a fraction of replacement costs, and at an attractive 8.15% cap rate.


CBRE
Dylan Brown
(602) 735-1714

Andrew Fosberg
(602) 735-1723


Hinkson Company, LLC
Chris Hinkson
(480) 794-1887 x14

James Neal
(480) 794-1887



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