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Browse More Listings in Retail For Sale, Sierra Vista, AZ or Arizona

Retail Property For Sale

Staples at Cochise Crossroads

4299 East Highway 90, Sierra Vista, AZ 85635

Price:
$3,500,000
Building Size:
25,449 SF
Price/SF:
$137.53
Property Type:
Retail
Property Sub-type:
Anchor
Property Use Type:
Net Lease Investment with 4 years left on lease
Cap Rate:
9%
Occupancy:
100%
Tenancy:
Multiple
Lot Size:
2.31 AC
Find Out More...

Last Verified 11/18/2009 Listing ID 16437804

Description

Staples at Cochise Crossroads is a two tenant 25,449
square foot retail property occupied by Staples, Inc.,
and Cost Cutters (Regis Corp.) Both Tenants are on
corporate leases that do not expire until December
2013 and March 2012, respectively. Cochise Crossroads
Shopping Center is located at the busiest intersection
in Sierra Vista, Arizona and is anchored by
Target and Fry' s Food (Kroger).

Sierra Vista is the largest city in Cochise County and
is located 70 miles southeast of Tucson, Arizona. The
city benefits from having a major military presence at
Fort Huachuca. This military base is home to the
United States Army Intelligence Center and NETCOM
and together employ 9,000 people. Due to the
steady employment centers the population has increased
by 21.5 percent from 2000 to 2008 bringing
the current population to 45,908 and current unemployment
stands at only 3.8 percent. The Staples at
Cochise Crossroads benefits from steady population
growth and strong employment numbers. In addition,
the nearest competition of office supply retailers is
over 72 miles from the subject property.

Financial Summary

Major Tenant Information

Actual
Net Operating Income
$314,953

Tenant		Lease Expired
Staples		12/1/2013
Cost Cutters (Regis)		3/1/2012

Map of 4299 East Highway 90, Sierra Vista, AZ 85635 (Cochise County)

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Presented by

Marcus & Millichap

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Contact Listing Broker

Laurie Albrecht (303) 328-2000

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Created 10/19/2009

Additional Information for 4299 E Highway 90, Sierra Vista, AZ 85635

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.

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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.

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Retail Property For Sale - Staples at Cochise Crossroads

4299 East Highway 90, Sierra Vista, AZ, 85635