3124-3150 N Stockton Hill Rd - Storefront FOR SALE
Kingman, AZ 86401 |
$9,500,000 USD
480-221-4221
3124-3150 N Stockton Hill Rd
Kingman, AZ 86401
HIGHLIGHTS
- Brand New 10-Year Hobby Lobby Lease | WALT - 8.4 Years | Investment Grade Tenant - Tractor Supply (S&P: BBB)
- Signalized, Hard Corner Intersection | Dense Retail Corridor | New West Kingman Interchange Project | Est. 70% Traffic Growth
- Extremely Low Maintenance Investment Opportunity | New Roof | Minimal Upcoming Capital Requirements | New Parking Lot
- Strong Demographics in Kingman, Bullhead, and Havasu | Limited Supply of Available Retail Within the Trade area
OVERVIEW
• The asset includes an investment grade Jr. Anchor, Tractor Supply (S&P: BBB), which ranks in the top 74th percentile of all locations nationwide (per Placer.ai)
• Hobby Lobby recently signed a brand new 10-year lease, further strengthening the tenant lineup
• The subject property boasts a strong (WALT) of 8.4 years
• All tenants operate under leases which are NNN in nature, minimizing expense leakage for a future investor
• Tractor Supply has been operating at the location for 11+ years
• Hobby Lobby and Tractor Supply (S&P:BBB) make up nearly 93% of the leasable area and 76% of the base rent
FOR SALE DETAILS
PRICE
$9,500,000 USD
PRICE/SF
$117 USD /SF
CAP RATE
6.53%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Frontier Plaza | Hobby Lobby & Tractor Supply
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2004
SPRINKLERS
-
PARKING SPACES
443
LAND DETAILS
CROSS STREETS
SEC I-40 & Stockton Hill Rd.
LAND ACRES
6.57 AC
LAND SF
286,189 SF
ZONING
C-3
APN/PARCEL ID
320-13-054
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480-221-4221
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480-221-4221
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