investment highlights
- ATTRACTIVE LAYOUT & DESIGN // Premium Class “A” construction featuring first level climate control as well as drive up access across the entirety of the store. The facility will demand the highest rates in the trade area once stabilized.
- STRONG RENTAL RATES // Expected average rent per foot of $1.81 within the first 10 months of operation with strong momentum heading into the second quarter.
- ACCELERATED LEASE UP // Since opening in June of 2021 the facility has averaged close to 6 percent month over month occupancy gain and is on pace to reach stabilization in less than 18 months.
- EXCELLENT LOCATION // Situated on the corner of North Gary Rd. and W. Skyline Dr., two heavily traveled roads (approximately 30,000 VPD). Growing infill trade area with over 10,000 homes under development within five miles. Less than a mile from a Walmart Supercenter and a brand new Home Depot that is currently under construction.
- POPULATION GROWTH // Located in the fastest growing submarket of PHX (San Tan Valley & Queen Creek) with population growth topping 125 percent over the past decade with 16 percent expected over the next five years.
