Asking Price
Sq. Footage 59,409
NOI Net Operating Income
Cap Rate 7.70%

Attributes

Year Built 1998
Lot Size 7.53 ACRES

Property Description

The Shops at Apache Junction, a 3-tenant retail opportunity is up for sale. The tenant line-up includes Ross Dress for Less, Goodwill Industries of Central and Northern Arizona and Peddler’s Antique Market. Located in a suburb 30 miles east of downtown Phoenix in a strong retail corridor, the property possesses core tenancy from two nationally recognized brands, including Ross with a Moody’s investment-grade ‘A2’ credit rating.

Investment Highlights

  • Fee simple interest
  • 100% leased shopping center with Ross Dress for Less and Goodwill accounting for 82 percent of the Property's annual base rent
  • Ross Dress for Less has an investment-grade 'A2' Moody's credit rating and nearly $15 billion in annual revenue
  • Goodwill operates over 3,300 stores and achieves annual revenues of over $5 billion
  • Peddler's Antique Mall possesses below-market rent and offers significant future income growth potential
  • Located near the hard corner and signalized intersection of Apache Trail and Idaho Road (30,000 VPD)
Peter Bauman
Peter Bauman
SVP, Capital Markets
Licensed in
AZ - SA647389000 NV-186153
Tivon Moffitt
Tivon Moffitt
SVP, Capital Markets
Licensed in
AZ - BR639369000 NE - 20170674 NC - LC673 UT - 11178542-AB00 NV - 186027

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