Strong Shadow Anchors: Subject Property is shadow anchored by Best Buy on the east side of the center, and Lowe’s Home Improvement is on the west side, attracting a surplus of foot traffic to the immediate area.
Value-Add Potential: Best Buy Shops offers significant value-add potential through the ability to lease ±3,900 SF of vacant space (20.83% of GLA), which can be easily demised into two ±1,950 SF in-line suites. In addition, Seller will credit rent and expense reimbursement for this space at $22.00/SF for six (6) months credited at closing – allowing a new buyer to collect income while working through the lease-up process.
Strong Traffic Counts: Best Buy Shops is subject to very high traffic counts with over ±51,000 VPD crossing Thunderbird Road and over ±214,900 VPD crossing the I-17.
Excellent Demographics: There is a population of 411,302 residents earning an average household income of $81,077 within a 5-mile radius of the site.