SIGNAL BUTTE & ELLIOT SHOPS
Mutli-tenant investment with drive-thru
Investment highlights
INVESTMENT HIGHLIGHTS
Brand-new construction with long-term leases to tenants with an established presence in the market
Strong rental escalations throughout the initial lease terms and option periods
Swig drive-thru provides retail consumer convenience and future operational flexibility
Only retail shop building at the signalized hard corner with complementary traffic drivers including Oregano's, Circle K, and Black Rock Coffee
100% occupied retail building with three complementary service tenants, eliminating lease-up risk and providing stable income from day one
LOCATION HIGHLIGHTS
Affluent demographic profile with nearly 79,000 people within 3-miles and an average HH income exceeding $154,000, representing substantial purchasing power and consumer spending capacity
Centrally located in a high growth submarket between Eastmark and Blooming Rock, DR Horton’s and Brookfield’s master-planned development with another 10,000-plus homes planned just east of the site
Proximity to ASU’s Polytechnic Campus, with over 6,000 full-time students enrolled, which provides a stable customer base for daily retail and dining needs
Accessible to three major freeways; Loop 202, US-60, and SR-24, with a 5-minute proximity to Mesa Gateway Airport, providing regional accessibility
Site located within the Elliot Technology Corridor (including Apple, Amazon, Google, Meta, Costco Distribution Center, and more) with approximately 5,700 employees on site occupying 3.6M SF of industrial as of May 2023
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