Description

VERY ATTRACTIVE, ASSUMABLE, NON RECOURSE FINANCING IN PLACE. 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. Over 48% of the shopping center area is occupied by excellent credit, publicly traded national tenants that include Dollar Tree (3,591 stores) and Fresenius Health Care (2,388 locations). In addition, after including the income that the seller is willing to guaranty/master lease via a prefunded escrow account, the percent of good credit tenants rises to 69% which is outstanding.

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.