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Marketing Description
Cushman & Wakefield, as exclusive advisor, is pleased to present the
opportunity to acquire Tuscano Towne Center (the “Property”), a 18,067
square foot Walmart shadow-anchored retail shopping center located at the southwest corner of 75th Avenue and Lower Buckeye Road in Phoenix, Arizona. The Property is currently 100% leased to a quality ‘daily needs’ tenant roster including Subway, Sally Beauty, T-Mobile, Supercuts, Gamestop and Allstate Agency to name a few.
Investment Highlights
- Successful Walmart anchored shopping center with ‘internet resistant’ tenant roster featuring several dining options, salons, dental, insurance and more. Walmart has 11,361 stores and clubs in 27 countries. Walmart is the world’s largest company by revenue according to Fortune Global 500 list in 2018, as well as the largest private employer in the world with 2.2 million employees.
- Strong Growth in Trade Area - just to the north of the Property is the corporate headquarters for Swift Transportation (NYSE: SWFT), North America’s largest full-truckload carrier, with 1,387 employees. Additionally, several other distribution centers are located in the immediate trade area, such as Amazon.com (4,908 employees), Stitch Fix (600 employees), Target (574 employees) and Fedex (1,098 employees) to name a few. Within a three-mile radius of the Property, there are 23,943 total daytime workers.
- Strategically located at the southwest corner of 75th Avenue and Lower Buckeye Road in Phoenix, Arizona. The Property sits in the heart of the Tuscano Master Planned Community with new housing development in the area of approximately 1,096 new homes planned or under construction within a one-mile radius of the Property.
- High-quality, recent construction - Tuscano Towne Center was constructed in 2004
- OFFERED FREE & CLEAR
- Institutionally owned and operated
- Limited direct competition
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