5121 Arctic Blvd, Anchorage, AK 99503

Arctic Mall is a fully leased, 44,684-square-foot multi-tenant investment offering located at 5121 & 5011 Arctic Boulevard in Anchorage, Alaska. The property consists of two adjoining single-story buildings on a 2.07-acre lot, positioned at the high-visibility corner of Arctic Boulevard and West International Airport Road in the Spenard submarket, less than one mile from Ted Stevens Anchorage International Airport.

The offering features a diverse mix of retail and warehouse/storage space across 16 tenants spanning grocery, food & beverage, fitness, and specialty retail and service uses. The property is anchored by Lucky Market, a full-service grocery tenant occupying 14,070 SF of combined retail and warehouse space on a lease through December 2035, and Heidi's Restaurant, a longtime Anchorage dining institution on a lease through January 2034. Built in 1980 and zoned I1 (Light Industrial), Arctic Mall sits in a dense, high-traffic corridor with strong surrounding household incomes.

Priced at $5,375,000 with 2025 NOI of approximately $451,670, Arctic Mall offers a stabilized, 100% occupied income opportunity in one of Anchorage's most active commercial corridors.

Please do not disturb tenants.