Goodyear, AZ - Shoppes at Pebblecreek Marketplace

Description:

SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in The Shoppes at Pebble Creek Marketplace, a newly-constructed, 100% leased, multi-tenant retail investment opportunity in Goodyear, Arizona (Phoenix MSA). The 7-unit building features a diverse tenant lineup with brand new leases ranging from 5 to 10 years. All leases feature scheduled rental increases, growing NOI and hedging against inflation (see page 19 for details). All tenants operate under NNN leases, making this an ideal, low-management investment opportunity for a passive investor.

The subject property is ideally situated as an outparcel to Pebble Creek Marketplace, a brand new shopping center which will feature a vibrant mix of tenants including Winco Foods, Arizona Tile (Coming Soon), Potato Barn, Circle K, Panera Bread, and more. Pebble Creek Marketplace is strategically located at the signalized, hard-corner intersection of Pebble Creek Parkway and W. McDowell Rd., averaging a combined 57,100 vehicles passing by daily. Furthermore, the center is located next to the on/off ramps for Interstate 10, a major thoroughfare serving more than 137,000 vehicles per day. The center benefits from excellent visibility, significant street frontage, and multiple points of ingress/egress. Other nearby national/credit retail tenants include Walmart Supercenter, Safeway, T.J. Maxx, Aldi, Petco, Staples, Old Navy, Ace Hardware, Walgreens, and many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is supported by approximately 172,800 residents and 34,400 employees, providing a direct consumer base from which to draw. Residents within 1 mile of the subject property boast an affluent average household income of $148,266.