Waterfront Retail Investment
For Sale
$1,990,000
1407 McCulloch Blvd N, Lake Havasu City, AZ 86403
Fully leased retail property near London Bridge in Lake Havasu.
Property Size9,440 SF
Lot Size3.32 Acres
Price / SF$210.81
Days on Market143
Property Features for 1407 McCulloch Blvd N
General Information
Standard status
Active
Size
9,440 SF
Lot size
3.32 Acres
Building Details
Year Built
1989
Listing Agency:
Mohave Realty
Listed By:
Raul Ballas · License #SA677297000
(714) 686-0018
Source:
Sellinghavasu
Added: May 20
Changed: Sep 13
Last Checked: Oct 7 at 3:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mohave Realty
Investment Insights
Based on property information with market context.
Island Mall at Lake Havasu's London Bridge presents an opportunity to acquire a 100% leased, multi-tenant retail investment property. Constructed in 1987 and renovated in 2020, the two-story asset contains approximately 23,673 square feet of space on a 3.32-acre parcel. The property is positioned directly along the Bridgewater Channel, offering roughly 200 feet of waterfront frontage. The property is located directly adjacent to the London Bridge. The asset is fully occupied by a mix of experiential, dining, and retail tenants, including Shugrue's Restaurant & Bar, Barley Bros. Brewery, and Makai Café, along with other local and regional operators. The property operates with a combination of NNN and gross leases, generating a stable income stream. Several tenants feature long-term occupancy histories and percentage rent components. The property is strategically located along McCulloch Boulevard, the primary retail and entertainment corridor in the London Bridge district, benefitting from strong traffic counts, high pedestrian activity, and a tourism-driven economy. Lake Havasu City is a recreational destination known for boating, events, and year-round outdoor activity.
Key Highlights
- 100% leased multi‑tenant retail investment property.
- Irreplaceable waterfront location directly along the Bridgewater Channel with roughly 200 feet of frontage and adjacency to the London Bridge.
- Generates a stable income stream with current net operating income of approximately $662,226.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,686
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,833,720
$1.8M
Cap Rate 7%
$1,309,800
$1.3M
Cap Rate 9%
$1,018,733
$1.0M
Market Conditions
NOI Build-Up for 9,440 SF
Gross rent
$141.6K $15.00/SF
− Vacancy
−$10.6K −$1.13/SF
EGI
$131.0K $13.88/SF
− OpEx
−$39.3K −$4.16/SF
NOI
$91.7K $9.71/SF
Area
Mohave County, AZ
Vacancy
7.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,833,720
Cap Rate 7%
$1,309,800
Cap Rate 9%
$1,018,733
Alternative Uses
Best Use
Retail
$1.31M
$1.15M – $1.53M
NOI $91,686 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.11M
$1.84M – $2.46M
NOI $147,536 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 86403, AZ
17,787
Population
11,604
Households
1.5
Avg Household Size
53
Median Age
18%
College-Educated
89%
High-School Grad
11.0 sq mi
ZIP Area
1,617
Density / Sq Mi
$57,531
Median Household Income
$33,368
Median Earnings
$1,152
Median Rent
$313,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased retail property near London Bridge in Lake Havasu.
Where is this shopping center located?
The property is located at 1407 McCulloch Blvd N Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: 100% leased multi‑tenant retail investment property.; Irreplaceable waterfront location directly along the Bridgewater Channel with roughly 200 feet of frontage and adjacency to the London Bridge.; Generates a stable income stream with current net operating income of approximately $662,226.
