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Shoe Store

WSS

5120 W Indian School Rd, Phoenix, AZ 85031

Listing Price: $4,350,769

Cap Rate
7.15%
Tenant Name
WSS
Years Remaining On Lease
6.4
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Double Net
Rent Per Square Feet
$29.24

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.

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

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Listing Price: $4,350,769

Cap Rate
7.15%
Tenant Name
WSS
Years Remaining On Lease
6.4
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Double Net
Rent Per Square Feet
$29.24

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

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

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