Skechers Outlet Retail
New
For Sale
$1,966,000
1533 S Avenue B, Yuma, AZ 85364
A single-tenant NNN lease runs through March 31, 2034, with two additional five-year options.
Property Size5,761 SF
Lot Size1.47 Acres
Price / SF$341.26
Days on Market2
Property Features for 1533 S Avenue B
General Information
Standard status
Active
Size
5,761 SF
Lot size
1.47 Acres
Property subtype
Retail
Zoning
B-1
Net Operating Income
$125,061
Financials
Asking Price
$1,966,000
Cap Rate
6.36%
Additional Details
Traffic Count
51,318 vehicles/day
Building Details
Building Size
5,761 SF
Year Built
1998
Tenancy
Single
Listing Agency:
A.T. Pancrazi Real Estate Services
Listed By:
Thomas Pancrazi · License #AZ #BR009183000
(928) 246-0008
Source:
Pancrazirealestate
Added: Oct 30
Last Checked: Oct 30 at 3:07PM
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 A.T. Pancrazi Real Estate Services
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Investment Insights
Based on property information with market context.
This 5,761 SF retail building on 1.47 acres was built in 1998 and is zoned B-1. Skechers occupies the property under a single-tenant triple-net lease, with the current term extending through March 31, 2034. Two five-year renewal options remain, extending the potential lease term through 2044. The tenant has occupied the site since at least 2014 and exercised options in 2018, 2023 and early 2026.
The property is at Avenue B and 16th Street, where combined traffic is 51,318 vehicles per day, and is approximately 2.8 miles from Interstate 8. Plaza del Rio, with Food City, Dollar Tree, dd’s Discounts and Chase Bank, is across the street. CVS Pharmacy, Burger King and McDonald’s share the block.
The property is at Avenue B and 16th Street, where combined traffic is 51,318 vehicles per day, and is approximately 2.8 miles from Interstate 8. Plaza del Rio, with Food City, Dollar Tree, dd’s Discounts and Chase Bank, is across the street. CVS Pharmacy, Burger King and McDonald’s share the block.
Key Highlights
- 5,761 SF retail building on 1.47 acres
- Single‑tenant triple‑net lease extends through 3/31/2034
- Two remaining 5‑year options extend through 2044
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,413
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,168,260
$1.2M
Cap Rate 7%
$834,471
$834.5K
Cap Rate 9%
$649,033
$649.0K
Market Conditions
NOI Build-Up for 5,761 SF
Gross rent
$87.1K $15.12/SF
− Vacancy
−$3.7K −$0.64/SF
EGI
$83.4K $14.48/SF
− OpEx
−$25.0K −$4.35/SF
NOI
$58.4K $10.14/SF
Area
Yuma County, AZ
Vacancy
4.20%
Lease Rate
$15.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,168,260
Cap Rate 7%
$834,471
Cap Rate 9%
$649,033
Alternative Uses
Best Use
Retail
$834.5K
$730.2K – $973.6K
NOI $58,413 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.96M
$2.59M – $3.45M
NOI $207,129 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
51,318 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
202k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 41%
Dining 38%
Groceries 18%
Apparel 2%
Food City Arizona
Groceries
36,762 visits/mo
0.1 miles
McDonald's
Dining
33,113 visits/mo
0.1 miles
Dollar Tree
Shops & Services
23,599 visits/mo
0.2 miles
Jack in the Box
Dining
22,626 visits/mo
0.1 miles
dd's DISCOUNTS
Shops & Services
18,514 visits/mo
0.2 miles
Demographics for 85364, AZ
73,550
Population
31,867
Households
2.3
Avg Household Size
35
Median Age
17%
College-Educated
77%
High-School Grad
38.4 sq mi
ZIP Area
1,915
Density / Sq Mi
$57,497
Median Household Income
$35,824
Median Earnings
$963
Median Rent
$204,300
Median Home Value
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - A single-tenant NNN lease runs through March 31, 2034, with two additional five-year options.
Where is this retail space located?
The property is located at 1533 S Avenue B Yuma, AZ.
What is the asking price?
The asking price for this property is $1,966,000.
What are key features of this property?
This property features: 5,761 SF retail building on 1.47 acres; Single‑tenant triple‑net lease extends through 3/31/2034; Two remaining 5‑year options extend through 2044
