North Park Plaza 1501-1601 N Park Dr 95,756 SF 86% Leased Retail Building Winslow, AZ 86047 $6,200,000 ($64.75/SF) 7.23% Cap Rate

Cushman & Wakefield is pleased to present the opportunity to acquire North Park Plaza, a grocery-anchored shopping center located in Winslow, Arizona. The property consists of approximately 95,756 square feet and is currently 85.5% occupied, providing investors with stable in-place cash flow supported by a diverse mix of national, regional, and local tenants. Anchored by Safeway, which has operated at the center since 1978, North Park Plaza serves as the dominant neighborhood shopping destination for Winslow and the surrounding northeastern Arizona trade area.
North Park Plaza benefits from a strong mix of necessity-based retailers and service-oriented tenants that generate recurring customer traffic and reinforce the center’s position as a one-stop shopping destination. Approximately 75% of the occupied square footage is leased to national tenants, including Safeway, Family Dollar, Hibbett Sports, NAPA Auto Parts, Snap Fitness, Subway, and Cricket Wireless. The center’s tenancy provides a balanced mix of grocery, discount retail, dining, fitness, automotive, and consumer services, creating durable income supported by daily-needs uses. Additionally, investors have the opportunity to create value through the lease-up of approximately 13,900 square feet of vacant space, providing a clear path for future occupancy gains and NOI growth.
The property is strategically located along North Park Drive with convenient access to Interstate 40, one of the nation’s primary east-west transportation corridors. North Park Plaza benefits from excellent visibility and accessibility within Winslow’s primary retail corridor and is surrounded by many of the market’s leading national retailers. The center serves not only local residents but also travelers, regional shoppers, and employees from major area employers, including the BNSF Railway Winslow Terminal, located less than two miles away. Several retailers within the center and surrounding trade area rank among the highest-performing locations nationally, further highlighting the strength of the market and consumer demand.
This offering represents an opportunity to acquire a well-established, grocery-anchored retail center with stable in-place income, a long-tenured Safeway anchor, national tenancy, and meaningful value-add potential. Combining durable cash flow, lease-up upside, and a dominant position within the Winslow retail market, North Park Plaza offers investors both current yield and long-term value creation potential.