Flagstaff, AZ features a highly educated population; strong forecasted job growth; strong science and technology industries; new high-density residential developments; and an exceptionally robust tourism industry with over 4.6 million annual visitors to attractions such as nearby Grand Canyon, Snowbowl ski resort and Lowell Observatory. The subject property is located in the most dynamic submarket of Flagstaff, close to the relocated Harkins Theater (only movie theater in city), Flagstaff Regional Mall (undergoing redevelopment with new institutional ownership), new Hampton Inn/Fairfield Hotel and the Flagstaff auto center, including soon-to-be opened Mercedes-Benz dealership. With all these nearby developments, The Marketplace is ideally positioned to benefit from new destination traffic, cross-traffic and tourism in this growing retail corridor.