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Price Reduction | Value-add 2350 Miracle Mile Rd 5,030 SF 40% Leased Retail Building Bullhead City, AZ 86442 $1,326,124 CAD ($263.64 CAD/SF) 7.42% Cap Rate
INVESTMENT HIGHLIGHTS
- Multi-tenant value-add opportunity (3 suites) | Priced below replacement cost | Outparcel to Riverview Mall Shopping Center (24 acres)
- Allied Cash Advance's recent 3 year extension (2023) demonstrates their commitment to the site | Below Market Rent
- Excellent Visibility & Exposure: 27,284 VPD (2022) | 175 ft of frontage on S Miracle Mile & 200 ft on Marina blvd
- 33% Leased to "Allied Cash Advance" (Guarantor: ACA Financial LLC; ±50 units) | Tenant has occupied the space since 2006
- Strategic Retail Location | Anchored by Big Lots, CVS, & Joann Fabrics
- Dense Trade Area | Nearby National Tenants: Walgreens, Arby's, Popeyes, Wendy's, Jack in the Box, Taco Bell, Planet Fitness, KFC, AutoZone
EXECUTIVE SUMMARY
See attached OM (below) and call to discuss. Opportunity to purchase value-add retail pad (3 suites), 33% leased to "Allied Cash Advance" (Corporate Guarantee, ±50 units). Outparcel to Riverview Mall Shopping Center (24 ac); anchored by Big Lots, CVS, & Joann Fabrics. Attractive SBA Financing for owner/users who wish to purchase the property and occupy the vacant space (additional income from in-place tenant).
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,030 SF
Building Class
B
Year Built
2000
Price
$1,326,124 CAD
Price Per SF
$263.64 CAD
Cap Rate
7.42%
NOI
$98,437 CAD
Percent Leased
40%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
0.75 AC
Zoning
C-2 - C-2 Commercial allows Marijuana Dispensary
Parking
40 Spaces (8.89 Spaces per 1,000 SF Leased)
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 220-35-006 | Improvements Assessment | $640,466 CAD |
| Land Assessment | $317,816 CAD | Total Assessment | $958,282 CAD |
PROPERTY TAXES
Parcel Number
220-35-006
Land Assessment
$317,816 CAD
Improvements Assessment
$640,466 CAD
Total Assessment
$958,282 CAD
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Price Reduction | Value-add | 2350 Miracle Mile Rd
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