Shopping Regional

Silver Creek Shopping Plaza

620 - 714 North Main Street, Taylor, AZ 85937

Listing Price: $4,925,000

Cap Rate
6.67%
Gross SF
54,963
Rentable SF
54,963
Price/Gross SF
$89.61

Investment Overview

Marcus & Millichap is pleased to present the subject property, a grocery-anchored retail center located in Taylor, Arizona, with frontage along Main Street, Arizona State Route Highway 77. The property is irreplaceably-located, highly-visible, and easily accessed. This one-story, 54,983 square foot, retail asset is 100 percent occupied.

The offering comprises two buildings, one of 52,083 square feet (anchor and shops) and a 2,900 square foot PAD building. The buildings are on a large 5.6-acre site. Adjacent tenants and nearby retailers, that are Not A Part of the offering, include Walmart Supercenter, CVS Pharmacy, Taco Bell, Dollar Tree, Little Caesars Pizza, Burger King, Subway, Verizon Wireless.

The subject property is strategically located on Taylor's only retail thoroughfare, Main Street, which sees traffic counts of over 14,000 cars per day, directly across the street from a new Walmart Supercenter. This corridor is home to national retailers including Dollar General, OReilly, USPS, Giant, and CarQuest, Sonic, Subway, and Arbys, providing draws to the trade area.

Silver Creek Plaza has been serving the community's grocery and retail needs since 1988, with longtime tenant Bashas grocery store anchoring the center. The Bashas Family of Stores is a family-owned and operated grocer that began back in 1932 when brothers Ike and Eddie Bashas, Sr. opened the first Bashas grocery store. Their mission: provide exceptional service, deliver their personal best, exceed customers expectations and offer quality products at competitive prices. While much has changed over the years, including the acquisition, development and expansion of their other grocery formats (Bashas Din, Food City, AJs Fine Foods and Eddies Country Store), their mission remains the same. They strive to grow and improve their business with a continued focus on the needs of their customers. They remain committed to the betterment of their communities through service and support, as well as the future of their environment through sustainability efforts. With more than 100 stores across the state, Bashas is one of Arizonas largest employers. Since their inception in 1932, they have given back more than $100 million to the communities they serve. Bashas has a Distribution Center, located in Chandler, which includes over 16 acres of under-roof space, as well as a full mechanic shop. The perishables area of the Center is temperature- and climate-controlled. BASHAS QUICK FACTS 118 Total Stores in Arizona and Crownpoint, New Mexico Headquartered in Chandler, Arizona 9,085 Employees Online Business through its Groceries On The Go service.

Investment Highlights

  • Grocery Anchored and Included.
  • Grocer has Strong Sales.
  • Priced Below Replacement Cost.
  • High-Visibility on Major Traffic Corridor.
  • 100 Percent Occupied.
  • Surrounding National Retailers Draw Traffic to the Property.

Exclusively Listed By

Shopping Regional

Silver Creek Shopping Plaza

Listing Price: $4,925,000

Cap Rate
6.67%
Gross SF
54,963
Rentable SF
54,963
Price/Gross SF
$89.61

Investment Highlights

  • Grocery Anchored and Included.
  • Grocer has Strong Sales.
  • Priced Below Replacement Cost.
  • High-Visibility on Major Traffic Corridor.
  • 100 Percent Occupied.
  • Surrounding National Retailers Draw Traffic to the Property.

Investment Overview

Marcus & Millichap is pleased to present the subject property, a grocery-anchored retail center located in Taylor, Arizona, with frontage along Main Street, Arizona State Route Highway 77. The property is irreplaceably-located, highly-visible, and easily accessed. This one-story, 54,983 square foot, retail asset is 100 percent occupied.

The offering comprises two buildings, one of 52,083 square feet (anchor and shops) and a 2,900 square foot PAD building. The buildings are on a large 5.6-acre site. Adjacent tenants and nearby retailers, that are Not A Part of the offering, include Walmart Supercenter, CVS Pharmacy, Taco Bell, Dollar Tree, Little Caesars Pizza, Burger King, Subway, Verizon Wireless.

The subject property is strategically located on Taylor's only retail thoroughfare, Main Street, which sees traffic counts of over 14,000 cars per day, directly across the street from a new Walmart Supercenter. This corridor is home to national retailers including Dollar General, OReilly, USPS, Giant, and CarQuest, Sonic, Subway, and Arbys, providing draws to the trade area.

Silver Creek Plaza has been serving the community's grocery and retail needs since 1988, with longtime tenant Bashas grocery store anchoring the center. The Bashas Family of Stores is a family-owned and operated grocer that began back in 1932 when brothers Ike and Eddie Bashas, Sr. opened the first Bashas grocery store. Their mission: provide exceptional service, deliver their personal best, exceed customers expectations and offer quality products at competitive prices. While much has changed over the years, including the acquisition, development and expansion of their other grocery formats (Bashas Din, Food City, AJs Fine Foods and Eddies Country Store), their mission remains the same. They strive to grow and improve their business with a continued focus on the needs of their customers. They remain committed to the betterment of their communities through service and support, as well as the future of their environment through sustainability efforts. With more than 100 stores across the state, Bashas is one of Arizonas largest employers. Since their inception in 1932, they have given back more than $100 million to the communities they serve. Bashas has a Distribution Center, located in Chandler, which includes over 16 acres of under-roof space, as well as a full mechanic shop. The perishables area of the Center is temperature- and climate-controlled. BASHAS QUICK FACTS 118 Total Stores in Arizona and Crownpoint, New Mexico Headquartered in Chandler, Arizona 9,085 Employees Online Business through its Groceries On The Go service.

Exclusively Listed By

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