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Browse More Listings in Retail For Sale, Lake Havasu City, AZ or Arizona

Retail Property For Sale

Compass Bank Ground Lease

1992 McCulloch Blvd. N, Lake Havasu City, AZ 86403

Price:
$1,429,000
Building Size:
4,800 SF
Price/SF:
$297.71
Property Type:
Retail
Property Sub-type:
Retail Pad
Property Use Type:
Net Lease Investment with 10+ years left on lease
Cap Rate:
7%
Occupancy:
100%
Tenancy:
Single
Property on Ground Lease?:
Yes
Lot Size:
25,700 SF
Find Out More...

Last Verified 11/1/2009 Listing ID 16059991

Highlights

Compass Bank ranks among the top 25 largest retail banks in the United States by deposit market share
Compass Bank has a S&P credit rating of A+, $61.2B in total assets and 584 branches in 6 states
Tenant has occupied the pad site since January of 1975

Newly signed 10-year lease extension with 3% annual rent increases
Net Operating Income will grow over 30% during the 10-year lease extension
Passive investment opportunity with minimal property managerment required

Description

CB Richard Ellis has been retained as the exclusive advisors for the sale of a single tenant, unsubordinated Compass Bank ground lease in Lake Havasu City, Arizona. This offering presents an investor with the opportunity to realize a stable return with a strong tenant on a long-term ground lease.

The pad site is located on the southwest corner of McCulloch Boulevard North and Smoketree Avenue in Lake Havasu City. The property is an outparcel to an Albertson's anchored retail center and blocks away from the historic London Bridge of Lake Havasu.

Financial Summary

Actual
Net Operating Income
$100,000

Map of 1992 McCulloch Blvd. N, Lake Havasu City, AZ 86403 (Mohave County)

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Presented by

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Contact Listing Broker

Steve Fernandez (602) 735-5553

Andrew Fosberg (602) 735-1723

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Created 1/15/2009

Additional Information for 1992 Mcculloch Boulevard N, Lake Havasu City, AZ 86403

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 1992 McCulloch Blvd. N, Lake Havasu City, AZ 86403

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Prime Location
$0.85/SF/Month
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$0.66/SF/Month
4,455 SF
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$0.65 - $1.16/SF/Month
950 - 30,683 SF
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$14.00/SF/Year
1,000 - 2,000 SF
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$0.90/SF/Month
2,000 SF

Nearby Recently Sold Retail propertiesSearch all recently sold commercial real estate

Street Retail
Sold 3Q 2006
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Free Standing Bldg
Sold 2Q 2005
Free Standing Bldg
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Free Standing Bldg
Sold 1Q 2007

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.

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Retail Property For Sale - Compass Bank Ground Lease

1992 McCulloch Blvd. N, Lake Havasu City, AZ, 86403