2 Locations For Sale

Lee & Associates is pleased to present the exclusive opportunity to acquire Island Mall at Lake Havasu’s London Bridge, a 100% leased, multi-tenant retail investment located in Lake Havasu City, Arizona. The property consists of approximately 23,673 square feet situated on a 3.32-acre parcel and is positioned directly along the Bridgewater Channel with roughly 200 feet of waterfront frontage. Built in 1987 and renovated in 2020, the two-story asset offers a rare combination of irreplaceable location, strong visibility, and direct adjacency to the world-famous London Bridge, the city’s primary tourism anchor.

The asset is fully occupied by a diverse mix of experiential, dining, and retail tenants including Shugrue’s Restaurant & Bar, Barley Bros. Brewery, Makai Café, and other local and regional operators. The property operates with a combination of NNN and gross leases, generating a stable income stream with current net operating income of approximately $662,226. Several tenants feature long-term occupancy histories and percentage rent components, while below-market rents present a clear opportunity for future income growth and tenant repositioning.

Strategically located along McCulloch Boulevard, the primary retail and entertainment corridor in the London Bridge district, the property benefits from strong traffic counts, high pedestrian activity, and a tourism-driven economy that draws millions of visitors annually. Lake Havasu City is a premier recreational destination known for boating, events, and year-round outdoor activity, supporting consistent consumer demand. With extreme barriers to entry for waterfront retail and no remaining comparable development sites, Island Mall represents a generational opportunity to acquire a trophy asset in one of Arizona’s most unique and supply-constrained retail environments.