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Shopping Community

Plaza Vista South

493 AZ-90, Sierra Vista, AZ 85635

Listing Price: $12,000,000

Cap Rate
7.11%
Gross SF
80,908
Rentable SF
80,908
Price/Gross SF
$148.32
Lot Size
5.75 acres
Year Built
1993

Investment Overview

TENANT HIGHLIGHTS

» 91% of Income Comes from Credit/National Tenants

» Sustainable Weighted Average Lease Term Over 7 Years

» Shoe Dept. Paying Low Rent/SF - Below Half of Market

LOCATION HIGHLIGHTS

» Most Dominant Retail Intersection in the County with High Barriers to Entry

» Home of Mission Critical Army Base Fort Huachuca with Over 30K Population and $2.9B Economic Impact

» Ranked 25 on Fortune's Best Places to Live for Families 2023

» Large, Stable Trade Area with 50 Mile Consumer Draw

» Average Household Income of Approx. $80K Within the Immediate Trade Area

Investment Highlights

  • Significant Capital Improvement Invested
  • Upside in Rents, Gross Lease(s)
  • Long Term Anchors - New 10 Year Lease with Michaels, Planet Fitness & Newer Construction ULTA Beauty Pad
  • Priced Below Replacement Cost
  • New 2022 Dutch Bros Outparcel (not-included)

Exclusively Listed By

Financing By

Shopping Community

Plaza Vista South

Listing Price: $12,000,000

Cap Rate
7.11%
Gross SF
80,908
Rentable SF
80,908
Price/Gross SF
$148.32
Lot Size
5.75 acres
Year Built
1993

Investment Highlights

  • Significant Capital Improvement Invested
  • Upside in Rents, Gross Lease(s)
  • Long Term Anchors - New 10 Year Lease with Michaels, Planet Fitness & Newer Construction ULTA Beauty Pad
  • Priced Below Replacement Cost
  • New 2022 Dutch Bros Outparcel (not-included)

Investment Overview

TENANT HIGHLIGHTS » 91% of Income Comes from Credit/National Tenants » Sustainable Weighted Average Lease Term Over 7 Years » Shoe Dept. Paying Low Rent/SF - Below Half of Market LOCATION HIGHLIGHTS » Most Dominant Retail Intersection in the County with High Barriers to Entry » Home of Mission Critical Army Base Fort Huachuca with Over 30K Population and $2.9B Economic Impact » Ranked 25 on Fortune's Best Places to Live for Families 2023 » Large, Stable Trade Area with 50 Mile Consumer Draw » Average Household Income of Approx. $80K Within the Immediate Trade Area

Exclusively Listed By

Financing By

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