Description

Save-A-Lot grocer-anchored neighborhood shopping center. 60 percent of current tenants have been operating at the center for ten years or longer, which is 72 percent of the occupied space and 72 percent of the income. Assume life company loan at a 6.15 percent interest rate with six years remaining. $72 per square foot with $7.52 per square foot per annum triple net October 2009 rents. Subject property anchored by Save-A-Lot Grocery, Family Dollar and Fitness Center which is 49 percent of the gross leasable area and 49 percent of the income. Property is 93 percent occupied and has upside in occupancy and income. High density apartment/residential Flowing Wells sub-market of Tucson. Staggered rollover. The property was renovated in 2000 and 2008. Recent renovations include facade, parking lot and landscaping.

Traffic Count (Intersection): Approximately 50,000 Vehicles Per Day. (Source: www.tucsonaz.gov, 2007)
Population (Three Miles) : Approximately 101,051 (Tucson Metro Population: Approximately 950,000, 2007)