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4027 S Gilbert Rd

144,254 SF 100% Leased Retail Building Gilbert, AZ 85297 £30,571,422 (£212/SF) 7.25% Net Initial Yield

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Investment Highlights

Anchored by three strong credit tenants
Metro Phoenix location in favored submarket

Includes over 11.7 acres of land to be developed
High traffic intersection near freeway and necessary travel corridor

Executive Summary

Crossroads Towne Center, located at the southeast corner of Gilbert and Germann Roads in the town of Gilbert, is a 144,254 square foot, 99% occupied shopping center anchored by Hobby Lobby, Boot Barn, and a new junior anchor national tenant. Included in the asset are two free-standing retail ground leases with Jacksons (gas, c-store, car wash) and El Pollo Loco drive thru restaurant. Further, the opportunity includes 11.7 acres of additional land for development. Currently two parcels, the northern parcel (3.3 acres) is fully improved with utilities, parking lot, lighting, and shovel ready site. It was designed as part of the original development for additional box and shops space. The southern parcel (8.4 acres) is unimproved land, with conceptual site plans and tenant interest from fast-food, retail big box, and medical users. It was envisioned as the phase 2 of the shopping center development.