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Shops at Civic Center 263 E Warner Rd 25,690 SF 100% Leased Retail Building Gilbert, AZ 85296 $11,150,000 ($434.02/SF) 5.90% Cap Rate

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INVESTMENT HIGHLIGHTS

Prime Visibility & Traffic Exposure
Contemporary Architecture

Efficient Site Design & Parking Ratio
Recent Capital Enhancements

EXECUTIVE SUMMARY

Surmount is pleased to exclusively present the opportunity to acquire the Shops at Civic Center, a premier retail center located in Gilbert, Arizona, one of the Phoenix metropolitan area’s most affluent and economically resilient municipalities. The property is situated within the approximately 180-acre master planned Gilbert Town Center, a civic oriented district anchored by the city’s municipal campus and supported by increasing residential density, a flagship Life Time athletic resort and pedestrian oriented infrastructure.
Constructed in 2005, the property consists of three (3) contemporary single-story buildings totaling 25,690 SF. The center is currently 95% occupied, with 12 of 13 suites leased to a diverse, necessity-based tenant mix that includes food & beverage, healthcare, personal services and fitness/wellness operators. This balanced tenancy provides durable in-place cash flow, consistently high occupancy and lasting operational relevance within one of the Valley’s most desirable retail corridors.

Offering Memorandum

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Storefront

Building Size

25,690 SF

Building Class

Year Built

2005

Price

$11,150,000

Price Per SF

$434.02

Cap Rate

5.90%

NOI

$658,088

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.14

Lot Size

4.11 AC

Zoning

PAD

Frontage

48’ on E Warner Rd

Bus Line

Pylon Sign

Signage

Retailer
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Lorem Ipsum
Jan 0000

At One Stop Nutrition, they have always prided themselves on offering the highest quality products and knowledge to their health conscious customers. From day one, they have rigorously stayed on the cutting edge of nutritional science and continually listened to their customer’s needs to become today’s premier spot for one stop shopping. For years, One Stop Nutrition has established itself as the low cost leader on health food products and nutritional supplements. They believe in passing on their low prices to their customers to continually improve overall health and quality of life. Their state of the art and innovative stores offer more than just health food products. One Stop Nutrition offers all-natural fruit nutritional shakes, free internet access, flat screen TV viewing, and much much more. Whether it’s after a workout or stopping by in between classes, One Stop Nutrition offers a fun and relaxed environment to obtain all health needs.

Accommodation and Food Services
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$9.99
Lorem Ipsum
Jan 0000

We have served authentic Mexican Cuisine for a great many years. You will relish the many appetizing dishes: fajitas, burritos, tacos, salads and more. We have worked hard to create an authentic ambiance for your dining enjoyment. All of our homemade salsas, sauces, and side dishes are made with the freshest, local produce. We know that you will love them.