TUCSON, ARIZONA Holliday Fenoglio Fowler, L.P. ( HFF ), acting by and through Holliday GP Corp., licensed with the Arizona Department of Financial Institutions, License Number CMB-0938500, Branch License CMBBR-0121909.
NORTHMALL CENTRE THE OPPORTUNITY HFF, as exclusive advisor, is pleased to present the outstanding opportunity to acquire the fee simple interest in Northmall Centre (the Property ), a 168,585 square-foot retail center located in Tucson, Arizona. The Property is 97% leased to a complementary mix of national and regional tenants, including JCPenney Home Store, Stein Mart, Tuesday Morning, and Dollar Tree. The Property is positioned in close proximity to the 1.3MM SF Tucson Mall and shadow anchored by the only Sam s Club in Tucson. Additionally, the Property is strategically located at the heart of Tucson s retail core on the highly trafficked intersection of Stone Avenue and River Road, exposing the Property to over 58,000 vehicles on a daily basis. PROPERTY SUMMARY 4811-4911 N Stone Avenue, 75-95 W River Road ADDRESS Tucson, Arizona 85704 GLA YEAR BUILT 1996 OCCUPANCY 97% SITE AREA 168,585 SF 14.09 Acres NOTABLE TENANTS TENANT % of GLA SF JCPENNEY HOME STORE 24.6% 41,513 SF STEIN MART 20.3% 34,224 SF TUESDAY MORNING 11.9% 20,138 SF CAREMORE'S NIFTY AFTER FIFTY 10.8% 18,229 SF PARKING 883 Parking Spaces (5.24 : 1,000 SF) DOLLAR TREE 6.0% 10,182 SF 2
TENANT ROSTER SUITE TENANT SF 01 EAST BUFFET 7,976 02 CROSSFIT 646 4,132 04 BIG 5 SPORTING GOODS 15,094 05 STEIN MART 34,224 06 JCPENNEY HOME STORE 41,513 07A TUESDAY MORNING 20,138 07B DOLLAR TREE 10,182 08 CAREMORE'S NIFTY AFTER FIFTY 18,229 FS1 AVAILABLE 5,435 FS2 SCORDATO'S PIZZERIA 5,997 W. RIVER RD. (35,000 VPD) 1 FS2 4 N. STONE AVE. (23,000 VPD) 5 6 7A 7B FS3 8 NAP NORTHMALL CENTRE FS3 EL TACO TOTE 5,665 TOTAL AVAILABLE SF 5,435 TOTAL OCCUPIED SF 163,150 TOTAL OVERALL SF 168,585 FS1 2 N 3
NORTHMALL CENTRE INVESTMENT HIGHLIGHTS SECURE INCOME STREAM WITH NATIONALLY RECOGNIZED TENANTS The Property will be 97% occupied providing investors with stable cash flows and a secure investment of which 72% are nationally recognized tenants on long-term net leases. In addition, the center is shadow anchored by Sam s Club and is in walking distance to the Tucson Mall, the largest shopping mall in Tucson, further solidifying this location as the major retail corridor in the market. DESIRABLE TENANT LOCATION The Property offers a tenured tenant roster with over 50% of the occupied square feet having been at the project for over 10 years. In addition, there has been over 25,000 square-feet of new leasing activity, including Tuesday Morning, further demonstrating the continued demand for this location. EXCELLENT ACCESSIBILITY IN HIGH TRAFFIC CORRIDOR Northmall Centre benefits from excellent access and visibility, with average daily traffic past the center of over 58,000 cars. The Property is located in a major retail corridor that includes Tuscon s only Sam s Club (shadow tenant) and the Tucson Mall located within short walking distance to the south; featuring 1.3MM square-feet of retail, with tenants that include Dillard s, Macy s, The Container Store, REI and Forever 21. INDIVIDUALLY PARCELED PADS WITH UPSIDE Northmall Centre is situated on five separate tax parcels, adding significant value with the potential for an investor to individually sell off the restaurant parcels and lower their overall basis. Additionally, lease-up of the available 5,435 SF pad offers further upside. UNENCUMBERED ASSET The Property is being delivered free and clear of existing financing, providing investors the opportunity to take advantage of the low interest rate environment and enhanced leveraged returns. 4
N STONE AVE (23,000 VPD) THE UNIVERSITY OF ARIZONA 15-Minute Drive from Property DOWNTOWN TUCSON 15-Minute Drive from Property ORACLE WETMORE SHOPPING CENTER ~287k SF Power Center Notable tenants include: NORTHMALL CENTRE TUCSON MALL 1.3MM SF Shopping Mall Notable tenants include: W RIVER RD (35,000 VPD) N 5
TUCSON, ARIZONA hfflp.com INVESTMENT SALES ADVISORS: CJ OSBRINK 602.648.8715 cosbrink@hfflp.com CA Lic. #01900338 REAL ESTATE ANALYSTS: GLEB LVOVICH 949.798.4115 glvovich@hfflp.com CA Lic. #01496699 DEBT ADVISORS: NICHOLAS RAY 602.648.8722 nray@hfflp.com MARK DEGIORGIO 949.798.4138 mdegiorgio@hfflp.com BROKER OF RECORD: RYAN FITZPATRICK AZ Lic. #BR638745000 JEREMY WOMACK 602.648.8765 jwomack@hfflp.com RETAIL LEASING ADVISOR: NEIL BOARD 602.778.3781 nboard@w-retail.com ATLANTA AUSTIN BOSTON CAROLINAS CHICAGO DALLAS DENVER HOUSTON INDIANAPOLIS LONDON LOS ANGELES MIAMI NEW JERSEY NEW YORK CITY ORANGE COUNTY ORLANDO PHILADELPHIA PHOENIX PITTSBURGH PORTLAND SAN DIEGO SAN FRANCISCO TAMPA WASHINGTON D.C. Holliday Fenoglio Fowler, L.P. ( HFF ) a licensed Arizona real estate broker. HFF has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than HFF, and neither Owner nor HFF, nor their respective equity holders, officers, employees and agents makes any representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all reference to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser, and HFF, its partners, officers, employees and agents disclaim any liability that may be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change. 2017 Holliday Fenoglio Fowler, L.P. ( HFF ), HFF Securities L.P. and HFF Securities Limited (collectively, HFFS ) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 24 offices and is a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information, please visit hfflp.com or follow HFF on Twitter @HFF.