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2031 W Wickenburg Way - West Plaza Center, Wickenburg, AZ

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2031 W Wickenburg Way - West Plaza Center

W Wickenburg Way
Wickenburg, AZ 85390-1039 - W Outlying Maricopa Ret Submarket

Property Type:Retail Sub Type:- Status:Existing Year Built:1977
Building Size:61,568 SF Land Area:6.46 AC (281,572 SF)
For Sale Price:$6,225,000 Price/SF:$101.11
Cap Rate:7.45 %
Anchor Tenants:CVS

Sale Notes:
Marcus & Millichap is pleased to offer for sale West Plaza Center, a 62,286 square foot shopping center situated upon 6.46 acres of land within the heart of Wickenburg, Arizona. This dominant retail center of the surrounding 35+ mile radius is anchored by Goodwill of Central Arizona, with other national credit tenants such as CVS Pharmacy, the United States Post Office, and a Bank of America ATM. An impressive eighty-two percent of the center' s income is stabilized through November 2020 at the earliest.

Goodwill Industries of Central Arizona, Inc. has recently signed a new ten year triple-net lease with an August 2016 opening date. This, combined with the recent unnegotiated lease renewals of both CVS Pharmacy and the US Post Office, along with a long term lease with Bank of America, NA for a drive-thru ATM, provides a high-return investment opportunity with minimal risk.

Marcus & Millichap Inc
Candace Carrell
(702) 215-7125

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