For Sale
$26,173,000

3401 4Th AveYuma, AZ 85365

Prime Yuma Shopping Center, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents the Big Curve Shopping Center, a 128,096 square foot retail shopping center located in Yuma, Arizona, at 3401 S 4th Ave, zip code 85365. Boasting a strong 97% occupancy rate and a substantial net operating income (NOI) of $2,093,836, this stabilized asset offers a compelling 8.00% cap rate at an asking price of $26,173,000 ($204.32/sq ft). Built in 1968 and renovated in 1996, the property comprises 14 single-story buildings situated on an 11.46-acre lot. The center features a diverse tenancy of 24 tenants, including established national brands such as Albertsons, Starbucks, and others, many of whom have occupied the space for over a decade. This demonstrates a resilient asset with high tenant demand. The property benefits from its location on a major thoroughfare in Yuma, experiencing approximately 43,937 cars daily. Significant income growth is projected through lease adjustments and rent increases, with an anticipated NOI increase exceeding $675,000 over the expected hold period. The surrounding area shows strong demographics, with over 58,500 residents within a 3-mile radius and average household incomes exceeding $77,900. The Yuma market itself has experienced remarkable growth in recent years, with home values increasing significantly. This well-established shopping center presents a rare opportunity for investors seeking a stable, high-performing asset in a thriving market.

Highlights

  • Big Curve Shopping Center, a 128,096 SF retail center in Yuma, AZ, boasts 97% occupancy and a $2,093,836 NOI, yielding an 8.00% cap rate at $26,173,000 ($204.32/SF).
  • 53% of the GLA (approx. 68,262 SF) is occupied by 24 tenants for 10+ years, including national brands like Starbucks and Albertsons, indicating high tenant demand and recession resistance.
  • Projected NOI increase exceeding $675,000 (32%) over the hold period, driven by rent increases and lease adjustments, offers strong inflation protection.
  • The 3-mile radius boasts over 58,500 residents with average household incomes exceeding $77,900, situated in a rapidly growing Yuma market with significant home value appreciation.

Property Details for 3401 4Th Ave

Property type
Lifestyle centers, Power centers
Square Feet
128,096 SF
Year Built/Renovated
1968/1996
Buildings
14
Stories
1
Lot Size (sq. ft)
499,198 SF

Location Insight

City
Yuma
County
Yuma
State
Arizona
Latitude
32.6658489
Longitude
-114.6244015
3401 4Th Ave, Yuma, Arizona

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3401 4Th Ave
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