Tucson, AZ - Former Big Lots!

Description:

SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, corporate signed (NYSE: BIG), freestanding vacant Big Lots property located in Tucson, Arizona.

The subject property is strategically located near the signalized, hard-corner intersection of N. Oracle Road and W. Wetmore Road, which averages a combined 81,200 vehicles passing by daily. The site benefits from excellent visibility via significant street frontage and a large monument sign along North Oracle Road (57,900 VPD), and has multiple points of ingress/egress. Furthermore, the asset is ideally situated within a 130,000 SF community center co-anchored by Ross Dress for Less, with several other national/credit tenants nearby including Chick-fil-A, McDonald’s, Chuze Fitness, CVS Pharmacy, Target, The Home Depot, Lowe’s, Burlington, Mattress Firm, and many more. In addition, the property is located across from Tucson Mall, the largest shopping mall in the Tucson metropolitan area featuring numerous well-known tenants such as Dick’s Sporting Goods, H&M, Dillard’s, and Old Navy. Moreover, the site is next to a regional auto dealership cluster featuring brands such as Toyota, Infiniti, Ford, Jeep, Honda, Chrysler, 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 over 224,000 residents and 152,000 employees with an average household income of $80,638, providing a direct consumer base from which to draw.