The Shops at Apache Junction
185 W Apache Trl Apache Junction , AZ 85120

The Shops at Apache Junction - retail for sale

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Overview



The Shops at Apache Junction, a 3-tenant retail opportunity is up for sale. The tenant line-up includes Ross Dress for Less, Goodwill Industries of Central and Northern Arizona and Peddler’s Antique Market. Located in a suburb 30 miles east of downtown Phoenix in a strong retail corridor, the property possesses core tenancy from two nationally recognized brands, including Ross with a Moody’s investment-grade ‘A2’ credit rating.

Investment highlights


  • Fee simple interest
  • 100% leased shopping center with Ross Dress for Less and Goodwill accounting for 82 percent of the Property's annual base rent
  • Ross Dress for Less has an investment-grade 'A2' Moody's credit rating and nearly $15 billion in annual revenue
  • Goodwill operates over 3,300 stores and achieves annual revenues of over $5 billion
  • Peddler's Antique Mall possesses below-market rent and offers significant future income growth potential
  • Located near the hard corner and signalized intersection of Apache Trail and Idaho Road (30,000 VPD)
General
Property type Retail
Tenure type Sale/Purchase
Property address 185 W Apache Trl, Apache Junction, AZ 85120-3433
Land in acres 7.53
Building size 59,409  ft2
Year built 1998
Financial
Price $8,421,000
Cap rate 7.70%
Current NOI $648,400.00
Lease

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