8745 Glacier HwyJuneau, AK 99801

Property Details for 8745 Glacier Hwy

Year built

1974

Lot size

8.02 AC

Zone code

GC

Property type

Retail space

APN

5B1501100011

APU

5B1501100011

Description

Nugget Mall presents a unique investment opportunity in Juneau, Alaska's third most populous city. This established shopping center boasts 135,484 square feet of retail space, currently anchored by prominent national tenants including Sportsman's Warehouse, PETCO, Office Max, and JoAnne Fabrics. The property offers a diverse range of leasing options, with spaces available from a minimum of 430 square feet up to a maximum contiguous space of 18,000 square feet. Currently, 25,129 square feet are vacant, providing significant potential for expansion or new tenants. The mall benefits from its location in a thriving community with a population of 32,255, further enhanced by Juneau's status as a major cruise and fishing port. Last year alone, over 1.2 million cruise ship passengers visited the city, and this year anticipates even greater numbers with over 40 ships making nearly 700 voyages. This high volume of tourism, coupled with Juneau's role as a hub for Alaskan commercial fishing associations, creates a robust and diverse customer base. A pad site opportunity is also available for interested parties. Contact us for detailed leasing information and to explore the possibilities this exceptional property offers.

• CAP approach

  CAP return

  Valuation

  6%

  $138,475,616

  6.5%

  $127,823,648

  7%

  $118,693,392

• Comparable approach

  Method

  Valuation

  Relative Method

  $267,519,184

  Geo Method

  $169,484,784

• Alternative Use

  Use

  Valuation

  Residential

  $107,824,032

  Hospitality

  $98,766,232

  Educational

  $82,172,344

  Medical

  $84,998,376

  Retail

  $127,823,648

Location Insight

City

Juneau

County

Juneau

State

Alaska

Latitude

58.3624

Longitude

-134.576

CBSA code

27940

CBSA name

JUNEAU, AK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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