Shops at Civic Center Retail FOR SALE


Gilbert, AZ - Downtown Gilbert
$11,150,000 USD
480-864-7001
, Gilbert, AZ for Sale
$11,150,000 USD
Retail - FOR SALE
1/3
null | 5.9% Cap Rate

Shops at Civic Center
Gilbert, AZ
Downtown Gilbert


HIGHLIGHTS

  • Prime Visibility & Traffic Exposure
  • Efficient Site Design & Parking Ratio
  • Contemporary Architecture
  • Recent Capital Enhancements
  • Institutional Grade Presentation
  • Attractive Entry Basis with Embedded Growth

OVERVIEW

Surmount is pleased to exclusively present the opportunity to acquire the Shops at Civic Center, a premier retail center located in Gilbert, Arizona, one of the Phoenix metropolitan area’s most affluent and economically resilient municipalities. The property is situated within the approximately 180-acre master planned Gilbert Town Center, a civic oriented district anchored by the city’s municipal campus and supported by increasing residential density, a flagship Life Time athletic resort and pedestrian oriented infrastructure. Constructed in 2005, the property consists of three (3) contemporary single-story buildings totaling 25,690 SF. The center is currently 95% occupied, with 12 of 13 suites leased to a diverse, necessity-based tenant mix that includes food & beverage, healthcare, personal services and fitness/wellness operators. This balanced tenancy provides durable in-place cash flow, consistently high occupancy and lasting operational relevance within one of the Valley’s most desirable retail corridors.

ASK ABOUT THIS PROPERTY

Ross SanzariSurmountMore Info
480-864-7001

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Ross SanzariSurmountMore Info
480-864-7001

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