Aztec Square | Safeway Shadow Anchored Center
26k SF of Grocery Anchored Shops | Frontage on Primary Arterial Hwy 95
Marketing description
FORT MOHAVE / BULLHEAD CITY / COLORADO RIVER TRADE AREA
Aztec Square - Sustainability
» Located at the signalized intersection of Highway 95 and Aztec Road, Aztec Square is strategically positioned within the region's established retail corridors. The Property benefits from strong visibility, daily commuter traffic, and proximity to major retail anchors, limited new supply of expensive commercial space, and sustained growth potential.
The Retail Corridor
» Highway 95 is the dominant commercial artery connecting the region's population centers and retail destinations, with strong consumer traffic. New retail development is limited nationwide, keeping occupancy levels high, and supporting neighborhood shopping centers performance. High visibility, easy accessibility, and limited competing grocery anchored shopping centers.
Where Arizona, and Nevada meet
» Millions of annual visitors draw to the Colorado River and nearby gaming destinations. The market benefits from a unique combination of year-round residents, seasonal visitors, and recreational tourism.
» The region's customer base includes Fort Mohave, Bullhead City, Mohave Valley, Laughlin, Needles, and numerous surrounding communities. Supporting demand for grocery, service, restaurant, and convenience-oriented retail uses.
Driven by Tourism, Recreation & Regional Spending
» The Colorado River attracts visitors for boating, fishing, water sports, camping, and outdoor recreation throughout the year. This seasonal/visitor activity generates additional consumer spending that supplements the area's permanent population base.
» Just minutes from Aztec Square, is Laughlin's resort and casino district attracts millions of visitors annually.
Stable Demographics Support Everyday Retail Demand
» The trade area's growth continues to be retirees, workforce households, residents relocating from higher-cost western markets including California, Oregon, and Washington. Attractions include affordable housing, a relaxed lifestyle, and access to outdoor recreation.
Investment highlights
» Safeway Neighborhood Shadow Anchored Center
Aztec Square is contiguous, on either side of Safeway (owned by Safeway in 55,250 square feet). It serves as one of the primary neighborhood shopping centers in the area of Fort Mohave, Mohave Valley, Bullhead City, Laughlin, and surrounding Colorado River communities.
» High-Visibility Location
Located at the signalized intersection of Highway 95 and Aztec Road, in one of the area's most heavily trafficked retail corridors. Traffic of approximately 37,000 vehicles per day, with exceptional visibility and vehicle access.
» Tenants with a Diverse Mix of Non-Internet Goods and Services
73% of the gross income from National/Credit Tenants including United States Postal Service, Wells Fargo, Subway, Pizza Hut, H&R Block and Cricket Wireless.
» Average Historic Occupancy is 21 years
Actual, sustainable, in-place, 7% cap rate, with little management. Growth Potential for Rental Rate Increases, Vacancy Turnover and Appreciation.
» Below-Replacement Cost
Grocery Shadow Anchored retail asset at a basis significantly below the cost of developing a comparable grocery-anchored center in today's construction environment with a resilient retail ecosystem less dependent on discretionary spending.
» Strong Regional Trade Area
Serving the greater Fort Mohave and Bullhead City market, the Property draws consumers from both Arizona and Nevada, benefiting from regional tourism, Colorado River recreation, and cross-border spending patterns from nearby Laughlin.
» Gateway to Colorado River Recreation Corridor
Aztec Road serves as a primary route connecting Highway 95 to the Colorado River and the AVI Resort & Casino, exposing the Property to both local residents and seasonal visitors traveling throughout the region.
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