Property History
The subject property is situated in Skyline Ranch Marketplace at the southeast corner of Hunt Highway and Gary Road in San Tan Valley, near Queen Creek. The retail center is located on approximately 4.57 acres and is currently 100% leased to a diverse tenant roster that includes Native Grill & Wings, Denny's, Pacific Dental, Dunkin Donuts, Jimmy John's, and more.
The Phoenix metro consists of Maricopa and Pinal counties, and includes more than
30 incorporated and more than 30 unincorporated towns and cities. Since 2000, the population in the metro increased by more than 38 percent. The largest city is Phoenix, which encompasses about 520 square miles, is the capital city and boasts a population of more than 1.5 million.
As one of the primary beneficiaries of the massive shift in the U.S. population from north to south, the Phoenix metro has had little difficulty finding workers. Phoenix claims five Fortune 500 headquarters, including Freeport-McMoRan, Republic Services, Insight Enterprises, Avnet and PetSmart. Construction, hightech manufacturing, healthcare and tourism dominate the Phoenix economy. The local economy has strengthened since the recession, with retail sales projected above 8 percent this year and hotel occupancy levels rising.
High-tech manufacturing has been a powerful driver in the local economy for two decades. The region’s relatively low cost of doing business has encouraged several manufacturers to remain and expand in the area, while luring others. The strengthening economy has drawn job seekers to the area, boosting the housing market. Phoenix offers a lower cost of living than other metros its size, a moderate climate, and a wide variety of recreational and cultural activities.
- Absolute Triple Net (NNN) Lease with 10 Years Remaining
- Multi-Unit Franchisee with 12 Locations – Both Franchisee & Personal Guarantee in Place
- High Growth Area – Households to Increase 42%+ in Immediate Area by 2022
- Phoenix MSA – 92,114 Residents in 5-Mile Radius
- Across from Top Producing Walmart Supercenter Shopping Center
- Located in San Tan Heights, a Master-Planned Community with 3,700+ Residents
- Surrounded by New Developments – San Tan Shadows Master-Planned Community, Ware Farms Residential Community, & Bella Vista Farms Residential Community
- Close Proximity to National Retailers – Walmart Supercenter, Jimmy John's, Taco Bell, Starbucks, Burger King, etc.
- Situated in Skyline Ranch Marketplace – One of the Only Retail Centers Servicing the San Tan Heights Communities
- Freeway Commute to Downtown Phoenix
Loan History
Financial History
Tax History
Contact Information
Ownership Information
Zoning
Property Details
Contacts
Map
Comparable Properties
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