3401 4Th Ave Yuma, AZ 85365
- Lifestyle centers
- 128,096 SF
- 11.46 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 3401 4Th Ave
- Year built
- 1968
- Lot size
- 11.46 lot acres
- Property size
- 128,096 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents the Big Curve Shopping Center, a 128,096 square foot retail shopping center located in Yuma, Arizona, at 3401 S 4th Ave, zip code 85365. Boasting a strong 97% occupancy rate and a substantial net operating income (NOI) of $2,093,836, this stabilized asset offers a compelling 8.00% cap rate at an asking price of $26,173,000 ($204.32/sq ft). Built in 1968 and renovated in 1996, the property comprises 14 single-story buildings situated on an 11.46-acre lot. The center features a diverse tenancy of 24 tenants, including established national brands such as Albertsons, Starbucks, and others, many of whom have occupied the space for over a decade. This demonstrates a resilient asset with high tenant demand. The property benefits from its location on a major thoroughfare in Yuma, experiencing approximately 43,937 cars daily. Significant income growth is projected through lease adjustments and rent increases, with an anticipated NOI increase exceeding $675,000 over the expected hold period. The surrounding area shows strong demographics, with over 58,500 residents within a 3-mile radius and average household incomes exceeding $77,900. The Yuma market itself has experienced remarkable growth in recent years, with home values increasing significantly. This well-established shopping center presents a rare opportunity for investors seeking a stable, high-performing asset in a thriving market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Yuma
- County
- Yuma
- State
- Arizona
- Longitude
- -114.624
- Latitude
- 32.6658
