Shoe Store
WSS
5120 W Indian School Rd, Phoenix, AZ 85031
Listing Price: $4,203,783
Investment Overview
We are delighted to present this investment opportunity at 5120 West Indian School Road in Phoenix, Arizona, featuring a property leased to WSS, a subsidiary of Foot Locker. This strategically positioned property benefits from its location on a bustling thoroughfare, witnessing over 80,000 vehicles daily, enhancing its visibility and accessibility.
WSS is anchored by a robust corporate guarantee from Foot Locker and operates under an NN lease, offering attractive rental escalations of 10% every five years. This ensures a steady and increasing revenue stream with the current cap rate standing at an appealing 7.15%.
Adjacent to a top-performing Walmart and directly across from the Milwaukee Brewers' spring training field, this investment is positioned in a high-traffic area, surrounded by an array of national retailers. With a substantial building size of 10,640 square feet on a 1.32-acre lot, the property presents a unique opportunity for investors looking for growth potential in a vibrant and expanding Phoenix market.
WSS
Investment Highlights
- Situated on Indian School Road, a Major Thoroughfare in Phoenix, Ensuring High Visibility and Easy Access | Over 80,000 Cars Per Day at the Indian School Rd and 51st Ave Intersection
- Adjacent to a Top 10% Performing Walmart Supercenter in the U.S. with Nearby Retailers Including: Ace Hardware, Dollar Tree, Walgreens, Raising Cane's, and Many More National Tenants
- Directly Across the Street from American Family Fields of Phoenix Baseball Park, Milwaukee Brewers Spring Training Field with 7,000+ Seats
- Excellent Corporate Guaranty
- Attractive Rental Increases | 10% Every 5 Years, Including Option Periods
- WSS: Warehouse Shoe Sales – Subsidiary of Foot Locker (FL) with a Market Cap of $3.6 Billion (S&P Credit Rating: BB)
Exclusively Listed By
Broker of Record
-
Ryan Sarbinoff
First Vice President/Regional Manager
Financing By
Listing Price: $4,203,783
Investment Highlights
- Situated on Indian School Road, a Major Thoroughfare in Phoenix, Ensuring High Visibility and Easy Access | Over 80,000 Cars Per Day at the Indian School Rd and 51st Ave Intersection
- Adjacent to a Top 10% Performing Walmart Supercenter in the U.S. with Nearby Retailers Including: Ace Hardware, Dollar Tree, Walgreens, Raising Cane's, and Many More National Tenants
- Directly Across the Street from American Family Fields of Phoenix Baseball Park, Milwaukee Brewers Spring Training Field with 7,000+ Seats
- Excellent Corporate Guaranty
- Attractive Rental Increases | 10% Every 5 Years, Including Option Periods
- WSS: Warehouse Shoe Sales – Subsidiary of Foot Locker (FL) with a Market Cap of $3.6 Billion (S&P Credit Rating: BB)
Investment Overview
We are delighted to present this investment opportunity at 5120 West Indian School Road in Phoenix, Arizona, featuring a property leased to WSS, a subsidiary of Foot Locker. This strategically positioned property benefits from its location on a bustling thoroughfare, witnessing over 80,000 vehicles daily, enhancing its visibility and accessibility. WSS is anchored by a robust corporate guarantee from Foot Locker and operates under an NN lease, offering attractive rental escalations of 10% every five years. This ensures a steady and increasing revenue stream with the current cap rate standing at an appealing 7.15%. Adjacent to a top-performing Walmart and directly across from the Milwaukee Brewers' spring training field, this investment is positioned in a high-traffic area, surrounded by an array of national retailers. With a substantial building size of 10,640 square feet on a 1.32-acre lot, the property presents a unique opportunity for investors looking for growth potential in a vibrant and expanding Phoenix market.
Exclusively Listed By
Broker of Record
-
Ryan Sarbinoff
First Vice President/Regional Manager
Financing By
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