• Strong Traffic Counts – Cottonwood Village is positioned at one of the busiest intersections within Casa Grande and benefits from strong traffic counts (approx. 41,000 on Cottonwood and Trekell Rd)
• Rapid Growth – This property benefits from rapid population growth with a projected 8.3% growth within a 3-mile radius. Additionally, the City of Casa Grande has seen a 42.2% population increase over the last 5 years.
• Economic and Employment Drivers – Located minutes from Lucid Motors “Lucid Air at AMP –1”; one of Arizona’s largest advanced manufacturing projects. This project will add approximately 6,000 jobs and will have an economic impact of over $100 million.
• Strong infill – Cottonwood Village is an attractive infill location with over 63,000 residents and ± 25,000 households within a 5-mile radius. Due to the infill this center serves as a convenient “daily-needs” retail destination for all residents living in the immediate area.
• Well Maintained: Cottonwood Village has been well-maintained since delivery with several recent repairs and improvements including but not limited to: Roof repairs, HVAC upgrades, as well as interior/exterior painting.
• Easy Access: Subject property provides great ingress and egress with a dedicated left turn lane West bound on Cottonwood.
• Abundant Parking: Cottonwood Village has approximately 85 parking spaces; providing abundant parking for this center which supports a wide range of future tenancy without having parking constraints.
• In-place stabilization: At 100% occupancy this property is fully stabilized and has a mix of long-term tenancy and newly signed leases all with low turnover.
• Upside potential: There is upside potential through lease modification as leases roll. The Current tenants only reimburse for rental tax; thus there is an inherent opportunity for the new landlord to modify as leases roll over; effectively creating NNN leases for a more passive management structure and increasing NOI and yield.