3640 S 16th Ave, Tucson, AZ 85713

Investment Highlights: * Fry’s grocery-anchored neighborhood shopping center -Fry’s is part of the Kroger Company (NYSE: KR). The Kroger Company is the country’s largest supermarket chain by revenue. As of December 2015, Kroger operates, either directly or through its subsidiaries, 2,620 supermarkets and multi-department stores. Fry’s recently announced the store closure at I-19 and Irvington, just a mile to the south of Santa Cruz Plaza, which should drive traffic and additional sales to this location. * Significant Upside Potential - Santa Cruz Plaza is currently 63.2% occupied and provides an investor with reliable cash flow on a staggered lease expiration schedule that extends through 2025. Potential upside exists through the immediate lease-up of the 27,340 square feet of vacant shop space, a particularly valuable opportunity in a market with shrinking vacancy and rising rents. * Strong Traffic Counts - Located at the heavily-trafficked, full-diamond interchange of I-19 and Ajo Way. This interchange is currently undergoing a significant expansion. * Limited Direct Competition - Santa Cruz Plaza is ideally located just off the full-diamond interchange at I-19 and Ajo Way. The nearest neighborhood shopping center is Placita Del Rio Shopping Center, located at the northeast corner of I-19 & Irvington Road, however Fry’s recently announced the closure of that store, which should drive retail traffic to Santa Cruz Plaza. Investment Overview: Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Santa Cruz Plaza, (the “Property”), a 74,200 square foot Fry’s shadow anchored shopping center located at the full-diamond interchange at I-19 and Ajo Way in Tucson, Arizona. Situated on approximately 6.28 acres, the Property encompasses 74,200 square feet of quality, grocery-anchored retail space set within an attractive shopping environment that is currently 63.2% occupied. Santa Cruz Plaza is leased to an appealing collection of restaurants and retailers, highlighted by its anchors Fry’s Food and Drug and Burlington Coat Factory. Santa Cruz Plaza offers a variety of ‘daily needs’ tenants such as Subway, GNC, Nationwide Vision, Sally Beauty Supply, Allied Cash Advance, Desert Sports & Fitness, DaVita Dialysis, No Hassle Wireless, Affordable Care, Inc., Ajo Podiatry, ARTE Salon and Moonlight Nails.  « show less

Investment Highlights: * Fry’s grocery-anchored neighborhood shopping center -Fry’s is part of the Kroger Company (NYSE: KR). The Kroger...  show more »