Springerville, AZ - Verizon & China Garden SOLD
Market Price
299 S. Mountain Avenue Units A, B, and C, Springerville, AZ 85938
40,055
NOI
3,900 sqft
Building Size
Details:
Description:
SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a fully leased retail/office investment property located in Springerville, Arizona. Verizon Wireless (GoWireless, Inc.) has occupied their suite since 2012. GoWireless, Inc. is an Verizon authorized retailer with over 650 stores coast to coast. The China Garden restaurant is on a ten year lease and has been a tenant since 2014. Both Verizon and China Garden are on NNN leases and pay their utilities separately. A Farm Bureau Financial Services insurance agent recently signed a three-year office gross lease.
The building is a pad site to one of the major shopping centers in the community. Safeway and Dollar Tree shadow anchor the subject property and provide crossover shopping to the building. The property is strategically located along S. Mountain Ave./U.S. Highway 180, one of the major thoroughfares through the community. The building is also located near the signalized, hard-corner intersection of U.S. Highway 180/U.S. Highway 60, averaging a combined (15,000 VPD). S. Mountain Ave/U.S. Highway 180 and U.S. Highway 60 are the major retail thoroughfares serving the cities of Springerville and Eagar. The asset is in close proximity to White Mountain Regional Medical Center, servicing the communities of Springerville and Eagar. The 5-mile trade area is supported by 7,297 residents and 2,606 employees. Residents within 1 mile of the subject property boast a steady household income of $74,239.
Location
Gallery
