US - Lubbock, TX
MYR 44,850,000 | 6,548 m²
Jones Lang LaSalle Americas, Inc. (“JLL), a licensed real estate broker, has been exclusively
retained to offer qualified investors the opportunity to acquire 420+501 South Mill. (the “Property”),
an urban high-street retail property consisting of 38,816 square feet of Gross Leasable Area
located in the heart of Tempe, AZ.
The Property consists of two buildings, located on the northwest and southeast corners of 5th
Street and Mill Ave., one of the busiest intersections in the Phoenix MSA. 420, 501 S Mill Ave. has
a historic appeal with unmatched, 24/7 foot traffic in the epicenter of Tempe.
420+501 South Mill offers investors the opportunity to acquire a generational collection of
trophy assets with stable cash flows and strong rent growth along the main thoroughfare in
Phoenix’s evolving and highly coveted submarket, Tempe.
Arizona State University Proximity, Historic Architecture with Class A Finishes, Below Market Rents, Abundance of Parking, High Barriers to Entry