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204 W 5th Street, Douglas, AZ

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204 W 5th Street

5th & Pan American Highway
Douglas, AZ 85607-2850

(3.1 MB)

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1992
Building Size:74,373 SF Land Area:9.85 AC (428,935 SF)
For Sale Price:For Sale Price/SF:-
Cap Rate:-
Parking:612 Surface spaces are available; Ratio of 7.88/1,000 SF

Immediately adjacent to border entry. Area businesses include JCPenny, Safeway, Wal-Mart, and Payless ShoeSource.

Sale Notes:
CBRE, Inc. has been retained as the exclusive representative to offer qualified investors the opportunity to purchase Douglas Center (the Property ), a ±74,373 square foot community shopping center located at 204 West 5th Street in Douglas, Arizona, just one half mile north of the highly trafficked United States/Mexico Port-of-Entry. The Property includes one undeveloped PAD and is 93% occupied by a complimentary mix of three national tenants, including: dd' s Discounts (172 Locations), STAGE (134 Locations), and Fallas Paredes (300 Locations). STAGE' s rent is more than 25% below market, creating tremendous long-term upside for
potential investors.
The Property spans ±9.85 acres at the northeast corner of Chino Road and 5th Street and includes one undeveloped PAD with significant frontage along 5th Street, just north of the Walmart Supercenter. Douglas Center is shadow anchored by a ±173,000 square foot Walmart Supercenter and is located at the entrance to Douglas from Mexico and from travelers approaching Douglas from the North and West. The Property benefits from its location bordering Agua Prieta, Sonora, Mexico, which is one of Sonora' s fastest growing cities with a population of approximately 80,000. Residents on both sides of the border utilize Douglas' thriving retail corridor with major national retailers surrounding the subject property, including: Walmart Supercenter, Tractor Supply Co, JC Penney, Napa Auto Parts, Melrose Family Fashions, Dollar Tree, CATO, Sally' s Beauty Supply, Burger King and McDonalds, among others. The City of Douglas is located on the U.S./Mexico border 119 miles southeast of Tucson and 229 miles southeast of the Phoenix Metropolitan area. The Douglas economy is a bi-national competitive marketplace for trade with approximately 11,000 people crossing from Mexico to shop in Douglas each day.

Andrew Fosberg
(602) 735-1723

Dylan Brown
(602) 735-1714

Michael Sandahl
(520) 323-5115

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