The At Home Center _Property for Sale
The At Home Center _Property for Sale
5255 E Broadway Blvd, Tucson, AZ, 85711, US

The At Home Center

Asset Description

JLL has been engaged as the exclusive advisor to extend to qualified investors the opportunity to acquire the fee simple interest in The At Home Center (the “Property” or “The At Home Center”), a 116,581 square foot At Home anchored shopping center in Tucson, AZ. The property is located at the corner of East Broadway and North Beverly in the dynamic Central East Tucson retail submarket. The property is situated 5 miles from the University of Arizona, home to over 53,187 students. The At Home Center is currently fully leased at 100.0% occupancy, with a mix of local tenants including restaurants and a home goods store. The restaurant pads within the center have achieved strong performance, generating over $7,056,669 in gross sales in 2023. The At Home Center is strategically positioned to benefit from a robust daytime population, with 144,130 individuals located within a 3-mile radius and 315,524 individuals within a 5-mile radius. This substantial daytime population contributes to a steady influx of foot traffic and serves as a potential customer base for the retailers located within the shopping center. The center can be a long-term land play for higher density use. The Property has a unique opportunity to create value with two new ground leases located along Broadway Blvd and Beverly Ave. The At Home Center offers a unique chance to invest in a thriving community and long-term leases with tenants providing stable cash flow.

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Attributes

Building area net
116,000 sf
Occupancy
100%
Year built
1983

Media

Investment Highlights

  • SUB-PARCELING FOR FLEXIBILITY AND STRATEGIC REPOSITIONING
  • STABLE YIELD INVESTMENT
  • DENSE INFILL LOCATION IN DYNAMIC RETAIL CORRIDOR
  • AT HOME STORE LOCATION ACHIEVES TOP 27% RANKING NATIONWIDE
  • STRATEGIC ADVANTAGE: PROMINENT POSITION ON A HIGH-TRAFFIC STREET
  • OPPORTUNITY FOR VALUE ADD CREATION
  • PROPERTY TO BE DELIVERED FREE AND CLEAR
The At Home Center  4_Property for Sale

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Last updated
11 Mar 2024