EDISON POINTE SHOPS
Retail | 6.40% CAP | 22,900 SqFt
Investment highlights
INVESTMENT HIGHLIGHTS
Edison Pointe is part of a thriving retail center anchored by the number 1 Fry’s Marketplace in Arizona by traffic volume, according to Placer.ai
100% leased to cohesive roster of internet resistant, service-oriented tenants, including Petco, Nektar Juice Bar, GNC and My Dr Now
Compounding rent growth with many of the majority of tenants having annual rent increases through their primary terms and option periods
Excellent retail synergy in the shopping center with retailers including Fry’s Marketplace, Ross, Planet Fitness, Goodwill, and Dollar Tree
Top ranking store locations for many tenants in the center, according to Placer.ai: Fry’s Marketplace is the number 1 Fry’s in Arizona; Petco is number 9; and Dollar Tree is in the top quarter
LOCATION HIGHLIGHTS
Maricopa is the 5th fastest-growing large city in the United States
Since 2010, Maricopa has seen its population grow by 67%, with a 7.1% jump in just the past year alone
High-income trade area; Maricopa has an average household income of $107,988 and the average household income within a 1-mile radius is over $114,000
Easy access from John Wayne Parkway, the main artery of Maricopa with nearly 47,000 vehicles per day
Strong customer base with disposable income and a median age of 35.7 and a family size of 3.33 per household within 5 miles
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