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South Mountain Plaza | Great Upside & Stability
26 E. Baseline Road, Phoenix, AZ 85042
43,276 SF | Retail
South Mountain Plaza Photo
Retail Property - Off Market
- Gross Leasable Area:
- 43,276 SF
- Property Type:
- Property Sub-type:
- Neighborhood Center
- Property Use Type:
- No. Stories:
- Year Built:
- Listing ID
- Last Updated
- 259 days ago
- Anchor Tenants (Dollar Tree and Fresenius) just renewed their leases.
- Asking Price Was Just Reduced. (February 2012)
- Excellent Combination of solid in place income as well as attractive value-add/upside opportunity
- Solid Tenant Mix - 50% of GLA is National Credit
- Very attractive, Assumable, Non-Recourse Financing In Place.
DOLLAR TREE AND FRESENIUS RECENTLY RENEWED - SAFE STABLE PROPERTY - WITH VALUE-ADD/UPSIDE OPPORTUNITY. EXCELLENT CREDIT with Dollar Tree (NASDAQ: DLTR - 4,450 stores) and Fresenius Medical (NYSE: FMS, Frankfurt: FME - 2,900 locations) that, combined, make up 1/2 of the shopping center with the balance being occupied by a great mix of smaller local and regional tenants. South Mountain Plaza is a very well located 43,276 SF shopping center that is a part of a larger 105,000 SF shopping center. South Mountain Plaza benefits from a strong, vibrant and diversified tenant mix. A majority of the tenants in the shopping center are well established and have proven successful enough in their current locations to renew for additional terms.
South Mountain Plaza is very well positioned in the geographic and cultural/community center of the South Mountain Urban Core Village. Very conveniently located within minutes of downtown Phoenix, the area is strategically positioned to benefit form its outstanding access to all parts of the Metro Phoenix area.
The trade area contains an excellent mix of both well established neighborhoods as well as many new home community developments. 2,500 new homes have been completed recently or are under construction/planned within the immediate (+/-3 mile trade area). Examples of new developments and area attractions include:
The popular Raven Golf Club at South Mountain, The Legacy Golf Resort (322 single-family homes and 150 patio homes as well as luxury guest hotel suites), Pointe South Mountain Resort, etc.
Map of 26 E. Baseline Road, Phoenix, AZ 85042 (Maricopa County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P