Highlights

• Anchored by Food City (Parent Company Basha' s) sales over $400/ft!!
• Densely Populated Area - Over 186,000 Residents Within 5 Mile Radius
• Positioned 4 Miles South of Downtown Phoenix

• 3% Annual Rent Increases on Shop Space

Description

Southern Plaza is a newly built 75,233 square foot retail center located in Phoenix, Arizona. Anchored by Food City, the property is NNN leased to an array of regional and national tenants including Payless, Pizza Patron, AA Insurance, Studio Nails and numerous others. 80% of the center's tenants have 3% annual rent increases. As the only grocery anchored center in the immediate area, Southern Plaza's tenants have reported excellent store sales.

Built in 2007, the subject property is positioned in one of the area's main retail centers. Other retailers in the immediate area include Taco Bell, Rent-A-Center, Dollar General, Compass Bank, Payless, CVS and numerous others.

Located and the intersection of Southern Avenue and South 7th Avenue approximately 4 miles south of downtown Phoenix, Southern Plaza features excellent exposure along two of the area's dominant traffic corridors. Combined traffic counts exceed 31,000 vehicles per day. There are over 183,000 residents within a five-mile radius, a figure which is expected to increase by over 12% within the next three years. Phoenix is one of the nation's fastest growing markets with 2.2% average annual population growth forecasted over the next five years.