Thursday, December 11, 2014

Offers Due Dec.19th: Value-Add Walmart-Anchored Community Center

Investment Highlights

Call for Price

  • High Performing Walmart Anchor has operated at this location since 1989 and just exercised its second option extending to 2019 
  • Walmart (NYSE:WMT), has over 11,300 stores, a market capitalization of approximately $250 billion, 2013 revenue of $476.3 billion and a S&P rating of AA Stable
  • Synergistic, value-focused co-tenants include: Best Buy, OfficeMax, Petco, Aaron’s, Starbucks, Applebee’s, Carl’s Jr. (NAP), Boston Market (NAP), Taco Bell (NAP), and others
  • 76% (209,000 SF) of the tenancy at Tucson Place has occupied the property for 10 years or more
  • Current lease rates at the project average just $0.87 PSF/month (Walmart paying just $5.35PSF!), and are approximately 20% below current market rents
  • Located approximately 1/2 mile east of the Tucson Mall (Macy’s, Sears, Dillard’s, JCPenney, Forever 21, REI) at the hard corner, signalized intersection of the primary east/west and north/south streets through the trade area
  • Available Debt Free or with Assumable Financing - Call for Details

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