1501-1601 N Park Dr - Retail FOR SALE


Winslow, AZ 86047
$6,200,000 USD
602-538-7155
1501-1601 N Park Dr, Winslow, AZ for Sale
$6,200,000 USD
Retail - FOR SALE
1/8
null | 7.23% Cap Rate

1501-1601 N Park Dr
Winslow, AZ 86047


HIGHLIGHTS

  • Grocery-anchored retail center featuring Safeway since 1978 and serving as a primary shopping destination in Winslow
  • Diverse mix of tenants, 75% leased to national brands including Hibbett Sporting Goods, Family Dollar, Napa Auto Parts, Snap Fitness, Subway, and more
  • Established center providing essential grocery, dining, fitness, automotive, and service-oriented uses that drive recurring consumer traffic
  • High performing tenants in this center and surrounding submarket. (Ask broker for more details)
  • Upside with lease up of two recent spaces
  • Excellent accessibility from North Park Drive and Interstate 40, a major cross-country transportation route

OVERVIEW

Cushman & Wakefield is pleased to present the opportunity to acquire North Park Plaza, a grocery-anchored shopping center located in Winslow, Arizona. The property consists of approximately 95,756 square feet and is currently 85.5% occupied, providing investors with stable in-place cash flow supported by a diverse mix of national, regional, and local tenants. Anchored by Safeway, which has operated at the center since 1978, North Park Plaza serves as the dominant neighborhood shopping destination for Winslow and the surrounding northeastern Arizona trade area. North Park Plaza benefits from a strong mix of necessity-based retailers and service-oriented tenants that generate recurring customer traffic and reinforce the center’s position as a one-stop shopping destination. Approximately 75% of the occupied square footage is leased to national tenants, including Safeway, Family Dollar, Hibbett Sports, NAPA Auto Parts, Snap Fitness, Subway, and Cricket Wireless. The center’s tenancy provides a balanced mix of grocery, discount retail, dining, fitness, automotive, and consumer services, creating durable income supported by daily-needs uses. Additionally, investors have the opportunity to create value through the lease-up of approximately 13,900 square feet of vacant space, providing a clear path for future occupancy gains and NOI growth. The property is strategically located along North Park Drive with convenient access to Interstate 40, one of the nation’s primary east-west transportation corridors. North Park Plaza benefits from excellent visibility and accessibility within Winslow’s primary retail corridor and is surrounded by many of the market’s leading national retailers. The center serves not only local residents but also travelers, regional shoppers, and employees from major area employers, including the BNSF Railway Winslow Terminal, located less than two miles away. Several retailers within the center and surrounding trade area rank among the highest-performing locations nationally, further highlighting the strength of the market and consumer demand. This offering represents an opportunity to acquire a well-established, grocery-anchored retail center with stable in-place income, a long-tenured Safeway anchor, national tenancy, and meaningful value-add potential. Combining durable cash flow, lease-up upside, and a dominant position within the Winslow retail market, North Park Plaza offers investors both current yield and long-term value creation potential.

FOR SALE DETAILS

PRICE

$6,200,000 USD

PRICE/SF

$65 USD /SF

CAP RATE

7.23%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

North Park Plaza

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

8.31 AC

LAND SF

361,984 SF

ZONING

-

APN/PARCEL ID

103-14-220B,103-14-220D

ASK ABOUT THIS PROPERTY

Chris HollenbeckCushman & WakefieldMore Info
602-538-7155

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Chris HollenbeckCushman & WakefieldMore Info
602-538-7155

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.