Just Listed: Safeway Anchored Neighborhood Center – $8.1 million, Tucson, AZ ($99K AHI

LIST PRICE:
$8,112,000

CURRENT OCCUPANCY:
93%

TOTAL BUILDING SF:
±77,686 SF

FEATURED LISTING:

SILVERADO PLAZA
105 S. Houghton Road & 10352 E. Broadway Boulevard
Tucson, AZ

INVESTMENT HIGHLIGHTS
•	High Performing Grocery Anchored Center – 93% leased Safeway-anchored shopping center providing a “daily needs” draw and cross shopping traffic to Silverado Plaza
	»	*Early Renewal* – Safeway recently extended its current lease through 2026 and features Nielsen estimated sales of $24.7 million, equating to $412 PSF ¹ at this established location (1) Per Nielsen’s Trade Dimension Report
•	Below Market Rents – Existing rents property wide are $8.71 PSF/YR, approximately 20% below market providing opportunity to accrue additional income
•	High Credit Tenancy – 81% of the GLA is occupied by national credit tenants Safeway and Wells Fargo
•	Improving Returns – Through the lease up of vacant space, embedded rental increases, and below market rents, the Net Operating Income is estimated to grow nearly $186,000 (31%) during the projected hold period
•	No Existing Financing/Free and Clear – With no existing financing in place, Silverado Plaza allows an investor to obtain a new loan at historically low rates, enhancing leveraged cash on cash returns
CLICK HERE TO DOWNLOAD OFFERING MEMORANDUM

FOR MORE
INFORMATION
PLEASE CONTACT:

NRP-WEST
PHILIP D. VOORHEES +1 949 725 8521 Lic. 01252096 [email protected]	JIMMY SLUSHER +1 949 725 8507 Lic. 01857569 [email protected]	TRENT STEEVES +1 949 725 8563 Lic. 01950466 [email protected]


ARIZONA RETAIL PARTNER*
NANCY MCCLURE* +1 520 323 5117 Lic. SA-0028388000 [email protected]
*This listing will be sold through the Arizona licensed real estate agent/broker above. All questions, comments or other communications should be directed to Nancy McClure.

THIS IS A MARKETING COMMUNICATION

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