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1683 E Florence Blvd
Casa Grande, AZ 85122
Gateway II Casa Grande · Retail Property For Sale


INVESTMENT HIGHLIGHTS
- Highly Visible - All Tenants with Street Views and Parking in Front
- At the Intersection: Relocated Walmart Supercenter & Banner Casa Grande Medical Center
- Prime Location & Monument Signage Wrapping a Hard Signalized Corner
- Ample Parking, Accessibility & Little Competition
EXECUTIVE SUMMARY
Situated on East Florence Boulevard, a major thoroughfare in Casa Grande, AZ, this shopping center enjoys high visibility and easy accessibility. The location benefits from significant daily traffic with Walmart and the regional Medical center next door, ensuring a steady stream of potential customers. The shopping center features a diverse range of tenants, including retail stores, dining establishments, and service providers. This diversity creates a balanced and resilient tenant mix, reducing the risk associated with tenant turnover and market fluctuations. Casa Grande is a growing community with increasing demand for retail and commercial services. The shopping center is well-positioned to capitalize on this growth, offering potential for rental rate increases, vacancy turnover and property value appreciation. The property features ample parking spaces and multiple access points, ensuring convenience for shoppers and enhancing the overall shopping experience. As a neighborhood shopping center, it serves as a central hub for the local community. Its mix of essential services, dining, and shopping options makes it a go-to destination for residents, fostering customer loyalty and repeat visits.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
33,300 SF
Building Class
B
Year Built
2008
Price
$7,170,000
Price Per SF
$215.32
Cap Rate
6.45%
NOI
$462,741
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.21
Lot Size
3.59 AC
Zoning
undesignated - undesignated
Parking
120 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Kiosk/Cart Space
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 505-28-023C | Improvements Assessment | $2,741,699 |
| Land Assessment | $537,979 | Total Assessment | $3,279,678 |
PROPERTY TAXES
Parcel Number
505-28-023C
Land Assessment
$537,979
Improvements Assessment
$2,741,699
Total Assessment
$3,279,678
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