Aztec Square | Safeway Shadow Anchored Retail FOR SALE


Fort Mohave, AZ
$4,920,000 USD
602-625-5151
, Fort Mohave, AZ for Sale
$4,920,000 USD
Retail - FOR SALE
1/3
null | 7.02% Cap Rate

Aztec Square | Safeway Shadow Anchored
Fort Mohave, AZ


HIGHLIGHTS

  • Highly Visible - All Tenants with Street Views and Parking in Front
  • Prime Location & Monument Signage Wrapping a Hard Signalized Corner
  • Little Competition
  • Growth Potential for Rental Rate Increases, Vacancy Turnover and Appreciation

OVERVIEW

Investment highlights » Safeway Neighborhood Shadow Anchored Center Aztec Square is contiguous, on either side of Safeway (owned by Safeway in 55,250 square feet). It serves as one of the primary neighborhood shopping centers in the area of Fort Mohave, Mohave Valley, Bullhead City, Laughlin, and surrounding Colorado River communities. » High-Visibility Location Located at the signalized intersection of Highway 95 and Aztec Road, in one of the area's most heavily trafficked retail corridors. Traffic of approximately 37,000 vehicles per day, with exceptional visibility and vehicle access. » Tenants with a Diverse Mix of Non-Internet Goods and Services 73% of the gross income from National/Credit Tenants including United States Postal Service, Wells Fargo, Subway, Pizza Hut, H&R Block and Cricket Wireless. » Average Historic Occupancy is 21 years Actual, sustainable, in-place, 7% cap rate, with little management. Growth Potential for Rental Rate Increases, Vacancy Turnover and Appreciation. » Below-Replacement Cost Grocery Shadow Anchored retail asset at a basis significantly below the cost of developing a comparable grocery-anchored center in today's construction environment with a resilient retail ecosystem less dependent on discretionary spending. » Strong Regional Trade Area Serving the greater Fort Mohave and Bullhead City market, the Property draws consumers from both Arizona and Nevada, benefiting from regional tourism, Colorado River recreation, and cross-border spending patterns from nearby Laughlin. » Gateway to Colorado River Recreation Corridor Aztec Road serves as a primary route connecting Highway 95 to the Colorado River and the AVI Resort & Casino, exposing the Property to both local residents and seasonal visitors traveling throughout the region.

ASK ABOUT THIS PROPERTY

Sanford BurstynMarcus & MillichapMore Info
602-625-5151

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Sanford BurstynMarcus & MillichapMore Info
602-625-5151

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