400-260 N Arizona Cir - Storefront FOR SALE


Payson, AZ 85541
$31,770,000 USD
480-244-3671
400-260 N Arizona Cir, Payson, AZ for Sale
$31,770,000 USD
Storefront - FOR SALE
1/12
null | 7% Cap Rate

400-260 N Arizona Cir
Payson, AZ 85541


HIGHLIGHTS

  • Dominant grocery anchored center in a development constrained market
  • Excellent health ratio for Bashas and long term commitment to the location
  • National anchor tenant lineup
  • Multiple freestanding buildings included in sale
  • Price per foot is well below replacement cost
  • Located at the true main & main intersection in Payson, AZ

OVERVIEW

Newmark Retail Capital Markets is pleased to present the opportunity to acquire Payson Village & Rim Country Mall, a 98% leased grocery anchored center anchored by Basha’s, Harbor Freight Tools, Goodwill, and Dollar Tree. This 219,901 square foot center is the premier retail destination in Payson, AZ. Payson Village & Rim Country Mall is situated on the northwest corner Bee Line Hwy and Hwy 260, exposing the property to over 43,000 vehicles on a daily basis. The quick access to both Beeline Hwy and Hwy 260 make this property a first stop for both locals and travelers looking for a break from the Phoenix heat. Payson Village & Rim Country Mall is one of just two grocery anchored centers serving the residents and visitors of Payson. With majority of the land surrounding Payson owned by the Tonto Apache Tribe, and few parcels suitable for retail development, competition for new grocery centers remains limited. At a price per foot well below replacement cost, this opportunity provides stable, secure cash flow with future rental rate upside

FOR SALE DETAILS

PRICE

$31,770,000 USD

PRICE/SF

$277 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Payson Village & Rim Country Mall

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Auto Repair, Bank, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

22.88 AC

LAND SF

996,653 SF

ZONING

C-2

APN/PARCEL ID

304-02-017M,304-02-017Q,304-02-017W,304-02-017X,304-02-017Y

ASK ABOUT THIS PROPERTY

Chase DorsettNewmarkMore Info
480-244-3671

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Chase DorsettNewmarkMore Info
480-244-3671

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.