Casa Grande Gateway Center - Shops II

1683 E. Florence Blvd. Casa Grande, AZ 85122

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FOR SALE Incentives
Property Type:
Neighborhood Center
Amount:
$6,012,172
Last Verified:
Aug 18, 2017

Highlights

  • Strong Anchors - 99 Cents Only, B of A and other national tenants
  • Across from Wal-Mart Super Center
  • Near Banner Regional Hospital
  • Prominent Monument Signage
  • Casa Grande's busiest retail corridor - 50,000 + cars per day

Description

Busy neighborhood center with solid anchor, 99Cents Only Store. B of A is on a separate pad and NOT INCLUDED in sale. Conveniently located just west of Wal-Mart Super Center and Banner Regional Hospital. Large prominent monument signage. Tenants include NextCare, and Kim's Nails. Currently there is 8,748 SF vacant shell space. Pro-forma NOI is $471,368 (7.25% CAP) other tenants (not included) Rent-A Center, Empire Dental, H&R Block, BoSa Donuts, Goldberg and Osborn, T-Mobile and others. Florence Blvd. is the busiest retail corridor in Casa Grande with over 50,000 cars per day. West half of center available for sale from separate owner, same listing agent. See listing agent for details.

Conveniently located between Phoenix and Tucson. From
I-10 and Florence Blvd. (Exit 194) West past Wal-Mart Super Center. SWC of Florence Blvd and Arizola.


Year Built: 2008
Building Size: 33350.0sq ft
Lot Size: 3.59 acres

Map of 1683 E. Florence Blvd., Casa Grande, AZ, 85122

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Real Estate Incentives (What is this?)
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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.