Vacant-User
2250 El Mercado Loop
2250 El Mercado Loop, Sierra Vista, AZ 85635
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap has been exclusively retained by Ownership to present a tremendous opportunity to acquire the former Sears anchor outparcel (the “Property”) at The Mall at Sierra Vista. The offering consists of an approximate 95,369 square-foot retail box with an interior 7-bay auto center, situated on +/- 7.3-acre parcel in Sierra Vista, AZ. The building was built in 1999 and has approximately 472 parking spaces, for a ratio of 4.95/1,000 SF. The underlying zoning is GC-General Commercial District, which allows for a wide array of permitted uses (*see OM for details). Deliverable at a significant discount to replacement cost, an investor has the immediate ability to redevelop/reposition the vacant box which is apart of the greater Regional Mall, (contact Agent for pricing guidance). Located in the heart of Sierra Vista, The Mall at Sierra Vista is the main shopping destination within a 30-mile radius and is anchored by Dillard’s, Best Buy, and Cinemark Theaters. Sierra Vista, Arizona is in Cochise County and is the second largest city in southeastern Arizona. Located just south of Interstate 10 and adjacent to State Route 92, where 23,916 vehicles per day pass by. The population and average household income within a 5-mile radius is 49,601 and $81,754, respectively. Living in Sierra Vista offers residents a dense suburban feel with most residents owning their homes. Fort Huachuca is also located just 8.1 miles northwest of the Property, an active Army post with over 5,600 military, 8,000 civilians and over 11,000 family members at any given time. Additionally, the property is only 31-miles north of the US/Mexico port of entry, making Sierra Vista the first highly populated city visitors and/or new residents would encounter upon entering.
2250 El Mercado Loop
Investment Highlights
- An Investor will have the ability to acquire an anchor outparcel of an active regional mall at a significant discount to replacement cost.
- A dense collection of national retailers in the immediate area draws further traffic to the Property.
- The Mall at Sierra Vista is the main shopping destination within a 30-mile radius and sees over 215,000 visitors - or 1.8M visits annually.
- Sierra Vista, Arizona is the second largest city in southeastern Arizona.
- Fort Huachuca, an active Army base, is located just 8.1 miles northwest of the Property.
Listing Price: Request For Offer
Investment Highlights
- An Investor will have the ability to acquire an anchor outparcel of an active regional mall at a significant discount to replacement cost.
- A dense collection of national retailers in the immediate area draws further traffic to the Property.
- The Mall at Sierra Vista is the main shopping destination within a 30-mile radius and sees over 215,000 visitors - or 1.8M visits annually.
- Sierra Vista, Arizona is the second largest city in southeastern Arizona.
- Fort Huachuca, an active Army base, is located just 8.1 miles northwest of the Property.
Investment Overview
Marcus & Millichap has been exclusively retained by Ownership to present a tremendous opportunity to acquire the former Sears anchor outparcel (the “Property”) at The Mall at Sierra Vista. The offering consists of an approximate 95,369 square-foot retail box with an interior 7-bay auto center, situated on +/- 7.3-acre parcel in Sierra Vista, AZ. The building was built in 1999 and has approximately 472 parking spaces, for a ratio of 4.95/1,000 SF. The underlying zoning is GC-General Commercial District, which allows for a wide array of permitted uses (*see OM for details). Deliverable at a significant discount to replacement cost, an investor has the immediate ability to redevelop/reposition the vacant box which is apart of the greater Regional Mall, (contact Agent for pricing guidance). Located in the heart of Sierra Vista, The Mall at Sierra Vista is the main shopping destination within a 30-mile radius and is anchored by Dillard’s, Best Buy, and Cinemark Theaters. Sierra Vista, Arizona is in Cochise County and is the second largest city in southeastern Arizona. Located just south of Interstate 10 and adjacent to State Route 92, where 23,916 vehicles per day pass by. The population and average household income within a 5-mile radius is 49,601 and $81,754, respectively. Living in Sierra Vista offers residents a dense suburban feel with most residents owning their homes. Fort Huachuca is also located just 8.1 miles northwest of the Property, an active Army post with over 5,600 military, 8,000 civilians and over 11,000 family members at any given time. Additionally, the property is only 31-miles north of the US/Mexico port of entry, making Sierra Vista the first highly populated city visitors and/or new residents would encounter upon entering.
