Prescott Gateway Mall & Lifestyle Center是一个现代化的(2002/03建成)高产多面零售中心,包括封闭的传统商场和露天生活中心。Prescott Gateway Mall and Lifestyle Center(地址:亚利桑那州普雷斯科特市3250 Gateway Boulevard)由一个一层封闭区域购物中心和三个核心百货商店(Dillard's、JCPenney和Sears)组成,共包含±318,503 SF(± 261、111 SF是无主楼/核心空间),一个面积为166,711平方英尺的生活时尚中心和两个独立的零售建筑,面积分别为±25,435平方英尺。此产品包括±318,503平方英尺,±37.92 AC,±1717个停车位(±25个残疾人空间)。此次发售包括以下信用/主要租户:床浴和其他(±30,078 平方英尺),Michaels(±14,478 平方英尺),独立成本加成世界市场(±18,300 平方英尺),壹号进口码头(±9,202平方英尺)和野花面包公司(±3,950 平方英尺),其中是露天生活方式的组成部分。整个物业中还有额外的+40个直线租户,包括Buckle,Chico's,床浴和其他和维多利亚的秘密等等。许多重要的信用国际租户继续行使选择权或更新,例如床浴和其他(5年期权),加上世界市场成本(7年续约),迈克尔(5年期权),奇科(2年更新)和维多利亚秘密(5年更新),显示了这些租户的位置的稳定性和重要性。物业受益于购物中其他主要租客和著名租客的零售交通工具,包括Sears(不包括在本次发售中),JCPenney(不包括在本次发售中)和Dillard(不包括在本次发售中),作为封闭式商城的一部分。
Prescott Gateway Mall & Lifestyle Center is a modern (constructed in 2002/03) and highly-productive multifaceted retail center consisting of both an enclosed traditional mall and open-air lifestyle center. Located at 3250 Gateway Boulevard in the city of Prescott, AZ, Prescott Gateway Mall and Lifestyle Center consists of a one-story enclosed regional shopping mall with three anchor department stores (Dillard’s, JCPenney and Sears) containing a total of ±318,503 SF (±261,111 SF are unowned/anchor spaces), a ±166,711 square foot Lifestyle Center and two free-standing retail buildings with ±25,435 square feet respectively. This offering includes of ±318,503 SF on ±37.92 AC with ±1,717 parking spaces (±25 are handicapped spaces).
This offering includes the following credit/anchor tenants: Bed Bath and Beyond (±30,078 SF), Michaels (±14,478 SF), a free-standing Cost Plus World Market (±18,300 SF), Pier One Imports (±9,202 SF) and Wild Flower Bread Company (±3,950 SF) which are part of the open-air lifestyle component. There are an additional +40 inline tenants throughout the Property including Buckle, Chico’s, Bed Bath Beyond and Victoria’s Secret to name a few. Many important credit national tenants have continued to exercise options or renew such as Bed Bath and Beyond (5 year option), Cost Plus World Market (7 year renewal), Michael’s (5 year option), Chico’s (2 year renewal) and Victoria’s Secret (5 year renewal), demonstrating the stability and importance of the location for these tenants. The Property benefits from retail traffic drawn to other anchor and notable tenants within the mall including Sears (not included in this offering), JCPenney (not included in this offering) and Dillard’s (not included in this offering) which are part of the enclosed mall.
The Center contains approximately 579,469 SF (±318,503 SF owned/included in this sale) and was built in 2002/03 at a cost in excess of $80 million by the developer Westcor which was subsequently acquired by Macerich. The Property sits on a total of ±59 acres (only ±37.92 AC included in this offering) and is located ±100 miles NW of Phoenix and 95 miles SW of Flagstaff. Prescott Gateway Mall and Lifestyle Center is the only the shopping center within nearly 100 miles offering both an enclosed traditional mall shopping experience as well as an outdoor lifestyle and town-center component. The Property has experienced steady performance over the past several years and currently has an in-place NOI of approximately $1.7 million which is comprised primarily of national, credit tenants. A value-add opportunity exists to grow occupancy and rents within both components and for a new owner to take advantage of Prescott’s growing population and the diversity of consumer needs. The current vacancy of approximately 49% will present a new owner with various opportunities to lease-up current vacancy and introduce alternative uses to the Property such office, medical and schooling.
The City of Prescott enjoys a favorable brand as an active, four-season recreation and vacation destination, and has received numerous awards and recognitions over the past decade which has led to a robust population growth. The Center is located in the nexus of Prescott Valley’s retail hub at the intersection of Highway 69 & Prescott Lakes Parkway. It is surrounded by not only first class retail, restaurant and services tenants, but also Prescott’s most prestigious and established residential communities and a growing retirement community. Located within ¼ mile of the Property are national retailers Costco, Walmart, Lowe’s, Trader Joe’s, Best Buy, Red Robin, Oliver Garden, In-N-Out, and US Bank providing high customer traffic 7 days a week. Additionally, the proximity a new multi-phase, multi-million dollar retirement community called Touchmark at the Ranch will help facilitate not only additional foot traffic to the Property, but also pave the way for the addition of new tenants, medical office and other services currently not found in the surrounding area. This property will be auctioned on Monday, January 1 - Monday, January 1 . The price displayed is the starting bid amount of $13,000,000. For information and to register to bid on this property, please visit Ten-X.com.