11125-11169 W Alabama Ave
Youngtown, AZ 85363
Youngtown Business Center · Retail Property For Sale

Marcus & Millichap has been awarded the marketing assignment to sell the Youngtown Shopping Center. Built as the first shopping center to support Youngtown and its newly developed neighbor, Sun City in 1960, Youngtown Shopping Center offers a savvy investor a unique blend of national, highly recognizable tenants as well as local shops. In total, this is an approximate 67,000 square foot center situated on over 7 acres. Long-term high profile tenants in the project include the US Post Office, ACE Hardware, EPCOR Water and Women' s International Pharmacy. Local long-term tenants include Dr. Robert Clark, Nu Trends Auto, Italia Café and the Youngtown Barber Shop. The BBVA Compass building has been leasing parking spaces from Youngtown Shopping Center for over 15 years. Youngtown was Arizona' s first master planned community built exclusively for retirees in 1954. In 1998 the age restriction was lifted and growth within the younger age brackets soon followed. With the completion of the nearby Loop 101 (Agua Fria Freeway) in 2001, rapid expansion followed in the surrounding communities such as Surprise, Peoria, Sun City West, yet Youngtown still maintains its small town feel, making it an attractive and affordable town for residents and businesses. The current owner has maintained a stable level of occupancy (72%) at an average annual rental rate of $7.67 per square foot. The long-term tenants include the US Post Office, which is an original tenant having opened in 1960 and ACE Hardware, which has been located in Youngtown since the 1970' s. Women' s International Pharmacy has been in their space for 16 years and has been doing business in Arizona since 1995. There is an opportunity to take advantage of the large parcel of land (7.3 Acres) and develop all or part of the subject property. Current existing buildings take up 21 percent of the gross land area and Arizona Avenue is actually owned by the shopping center. The property is zoned C-1.