West Highlands 6544 W Thomas Rd 82,515 SF 100% Leased Retail Building Phoenix, AZ 85033 $17,150,000 ($207.84/SF) 7.61% Cap Rate

The West Highlands Shopping Center offering includes 82,515 square feet, built in 1979. The property is well-maintained and professionally managed and has had over $1,300,000 in recent capital improvements.
Shadow anchored by a high-volume Food City, the property has maintained a historically high occupancy and is currently 100% occupied. Approximately 60% of the Center has been occupants have been in continuous operation for over 7 years and the average weighted tenure of the tenants of over 12 years.
With a daytime population exceeding 545,000 within 5 miles and 203,000 residents within three miles, West Highlands has attracted a wide array of recognizable tenant names, such as Family Dollar, Aaron’s Rent to Own, Sherwin-Williams, Cricket Wireless, Pizza Patron, Jackson Hewitt, and Subway Sandwiches. These dynamics have yielded tremendous foot traffic to the center, evidenced by the success of Food City (Top 5% in Chain), Domino’s (Top 4%) and Popeye’s Louisiana Kitchen (Top 16%).
Located one mile from the Interstate 10 Freeway and 20 Minutes from Phoenix Sky Harbor International Airport, this centrally located neighborhood center has been professionally managed and maintained for over 20 years with the current ownership group. The property will continue to thrive.