Cottonwood Village

Location Highlights

• 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. Lucid Motors along with developments from Kohler, FrameTec, and LG, will add over 8,000 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 with new foam roof in 2018 with existing 10/15 year workmanship/armor warranties. As well as
  exterior painting, certain exterior lighting replacements, regularly serviced HVAC units, 2025 patch, resealing and re-stripe of the parking lot and more.
• High Quality Construction: Cottonwood Village has superior CMU construction, which provides for heat resistance and structural longevity.
• 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. The property has a history of very-low turnover.
• Upside potential: Through lease modification as leases rollover. The Current tenants only reimburse for rental tax; thus there is an inherent opportunity for the new landlord to convert Leases to NNN over time; effectively creating NNN leases for a more passive management structure and increasing NOI and yield.

Property Highlights

• Well Maintained: Cottonwood Village has been well-maintained with new foam roof in 2018 with existing 10/15 year workmanship/armor warranties. As well as exterior painting, certain exterior lighting replacements, regularly serviced HVAC units, 2025 patch, resealing and re-stripe of the parking lot and more.
• High Quality Construction: Cottonwood Village has superior CMU construction which provides for heat resistance and structural longevity.
• 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. The property has a history of very-low turnover.
• Upside potential: Through lease modification as leases rollover. The Current tenants only reimburse for rental tax; thus there is an inherent opportunity for the
  new landlord to convert Leases to NNN over time; effectively creating NNN leases for a more passive management structure and increasing NOI and yield.