sale marketing flyer
BASHAS’ (RALEY’S) SINGLE TENANT GROCER 8360 N Thornydale Road, Tucson, AZ 85741
THE OFFERING As the exclusive brokers, Kidder Mathews & Gallelli Real Estate are pleased to present this Marketing Flyer for the sale of the fee simple interest in the 51,500 square foot single tenant NNN retail building located in the Cortaro Plaza Retail Center at 8360 N Thornydale Road, Tucson, AZ 85741 (the “Property”). This asset represents the opportunity to acquire a shopping center anchor building occupied by the one of the largest grocery operators in Arizona. The combination of tenancy, location, and demographics offers an investor the ability to acquire a proven investment which is well-positioned to take advantage of Tucson’s continuing growth.
INVESTMENT SUMMARY Price NOI
$437,750.04
GLA
±51,500
Year Built Occupancy Tenant Lease Type Lease Expiration
4
To Be Determined By Market
1997 100.00% Bashas’ Inc. (Owned by Raley’s Corp.) NNN 08/31/2032
INVESTMENT HIGHLIGHTS Ideally Located - The Property is located in the Casa Adobes community, a highly sought-after suburb in Northern Tucson. Notable Vehicle Counts – The Property, located at the south-east quadrant of a highly traveled intersection, N. Thornydale Road at 21,804 VPD & W Cortaro Farms Road at 18,928 VPD. Long Term Tenant Commitment - Bashas’ Inc. simultaneously exercised two of their five 5-year renewal options in 2020 and completed an extensive remodel of this store (approximately $3.5 million in capital improvements, over 85% of which was funded by the tenant), proving their commitment to this location. Recent Acquisition - Bashas’ Inc. was purchased by Raley’s Corp. in December of 2021. Bashas’ Inc. operates more than 100 grocery stores throughout Arizona and New Mexico under five banners. Raley’s Corp. operates 129 stores across California and Nevada under six banners. The acquisition of Bashas’ Inc. by Raley’s Corp. created a supermarket company with more than 200 stores. Bashas’ | 5
NOT A PART
NOT A PART
Subway Supercuts Water Mart
rms o Fa r a t r o
The UPS Store Paulene’s Nails Dominick’s Real Italian Music & Arts Barnfire Mesquite Grill Catalina Cleaners
Road
WC
NOT A PART
The Black Top Grill Thornydale Dental State Farm Insurance Jerry Bob’s Restaurant
NOT A PART
Wells Fargo
CONFIDENTIALITY & DISCLAIMER STATEMENT The material contained in this marketing flyer is confidential, furnished solely for the purpose of considering the purchase of Bashas’ (8360 N Thornydale Road) located in Tuscon, AZ and is not to be used for any other purpose or made available to any other person without the express written consent of Kidder Mathews & Gallelli Real Estate Services or the Owner. The material is based in part upon information supplied by the Owner’s consultants, architects, advisors, and in part upon information obtained by Kidder Mathews & Gallelli Real Estate from sources it deems to be reliable. Summaries contained in the marketing flyer of any legal or other documents are not intended to be comprehensive statements of the terms of such documents but rather only outlines of some of the principal provisions contained therein. In accordance with our standard practice, this flyer has been prepared solely for informational purposes and does not constitute all or any part of an offer or contract. It is designed to assist a potential investor in determining whether to proceed with an in-depth investigation of the subject project. Kidder Mathews & Gallelli Real Estate strongly recommends that each potential investor review the information contained in this brochure with its accountants, attorneys and tax advisors.
JKG
8 | Gallelli Real Estate
Darren Tappen | Senior Vice President 602. 791.1155 AZ DRE #SA510719000 darren@kidder.com
Any projections contained herein represent best estimates based on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that actual results will conform to such projections. This document is provided subject to errors, omissions, prior sale or lease, change of price or terms, other changes in the information and is subject to modification or withdrawal without notice. No Warranty Or Representation Expressed Or Implied Is Made By Kidder Mathews & Gallelli Real Estate Or Any Of Their Parent, Affiliated Or Subsidiary Entities As To The Accuracy Or Completeness Of The Information Contained Herein. Prospective Investors Should Make Their Own Investigations And Conclusions Without Reliance Upon The Material Contained Herein.