MOD Pizza Outparcel - Sierra Vista, AZ

4177 E Highway 90 Sierra Vista , AZ 85635

MOD Pizza Outparcel - Sierra Vista, AZ - retail for sale

Download offering memorandum

Overview


JLL is pleased to offer for sale the fee-simple interest in a 2019 construction three-tenant outparcel (the ?Property? or ?Asset?), tenanted by MOD Pizza, Jersey Mike?s, and Sprint. The Asset is located in Sierra Vista, AZ, a community approximately 60 miles south of Tucson with a dense retail marketplace and proximate to the United States ? Mexico border. Sierra Vista is also home to the Fort Huachuca military installation, one of the busiest Army installations in the nation. The Asset possesses very limited tenant rollover risk, as it features new construction with service-oriented retail tenants and is shadow anchored by leading tenants such as Target and Fry?s.

Investment highlights



·   Diverse tenant mix: MOD Pizza, Jersey Mike's and Sprint

·   Shadow anchored By Target and Fry's (Kroger)

·   Strong rent escalations during lease term and option periods

·   Excellent exposure with over 44,000 vehicles passing daily

· Proximate to one of the largest Army installations in America

General
Property type Retail
Tenure type Sale/Purchase
Property address 4177 E Highway 90, Sierra Vista, AZ 85635-2425
Land in acres 0.97
Building size 5,530  ft2
Year built 2019
Financial
Price $2,834,531
Cap rate 6.40%
Current NOI $181,410.00
Lease

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