BEST BUY SHOPS AT METRO NORTH

INVESTMENT HIGHLIGHTS

• Developable Pad Opportunity: Best Buy Shops features a developable outparcel opportunity on the north side of the parcel, valued at $1,200,000. This pad site offers investors exceptional upside potential with options to either develop a standalone retail building up to ±4,190 SF or to spin off the outparcel.
• Strong Shadow Anchors: Subject Property is shadow anchored by Best Buy on the east side of the center, and Lowe’s Home Improvement is on the west side, attracting a surplus of foot traffic to the immediate area.
• Value-Add Potential: Best Buy Shops offers significant value-add potential through the ability to lease ±3,900 SF of vacant space (20.83% of GLA), which can be easily demised into two ±1,950 SF in-line suites. In addition, Seller will guarantee rent for this space at $18.00/SF for six (6) months credited at closing, allowing a new buyer to collect income while working through the lease-up process.
• Jamba Juice Drive-Thru: Jamba Juice recently extended their lease for another 10 years, proving long-term commitment to the site and they were also just approved to build a drive-thru on the east side of the property.
• Strong Traffic Counts: Best Buy Shops is subject to very high traffic counts with over ±51,000 VPD crossing Thunderbird Road and over ±214,900 VPD crossing the I-17.
• Excellent Demographics: There is a population of 411,302 residents earning an average household income of $81,077 within a 5-mile radius of the site.