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.

Location Insight

City

Yuma

County

Yuma

State

Arizona

Longitude

-114.624

Latitude

32.6658