9
Prescott Towne Center Goodwill and Big 5 Anchored Prescott, Arizona 2,471 SF Fully Improved Restaurant Now Available for Lease
Prescott Towne Center Goodwill and Big 5 AnchoredPrescott, Arizona
2,471 SF Fully Improved Restaurant Now Available for Lease
Property Overview 1385 Iron Springs Road, Prescott Arizona
The information contained herein has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are forexample only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction thesuitability of the property for your needs.
Mary Jo Kirk, CCIM
212 E. Gurley Street, Prescott, Arizona
Bebe Wright, CCIM
Exclusive Representation
Site Data__________________________Size ±2,471 SF
Rate $16/sf/yr
NNN ±$4.00
TI Allowance Negotiable
Traffic Count 22,400
Parking Spaces 290
Zoning Business General
Strong Trade Area
Full Ingress/Egress
Excellent Signage
Prominent Street Frontage
Patio Seating
Pick Up Window
Highly Desirable Retail Trade Area adjacent to Village at the Boulders the SuperWalmart anchored center with Joann, Big Lots, Tuesday Morning, Starbucks andHi-Health. Nearby retail includes Safeway, Big 5 Sporting Goods, Cal Ranch andFry’s Marketplace.
Regional Medical Services Core including Yavapai Regional Medical Center, PrescottSurgical Center, Lab Corp, Prescott Medical Imaging and numerous private medicalpractices.
Banking and Financial Services including Bank of America, US Bank, Arizona StateSavings & Credit Union, Foothills Bank, Country Bank, National Bank of Arizona,Chase Bank and Wells Fargo Bank.
Daily-Trips Hub with 4 Schools Within ± 1 Mile which includes Prescott HighSchool, Granite Mountain Middle School, Taylor Hicks Elementary, Abia JuddElementary, along with the Prescott YMCA before and after school activities.
Prescott Towne Center is a neighborhood center anchored by Goodwill and Big 5 Sporting Goods that encompasses 53,284 squarefeet of retail space on 5.19 acres in the central Arizona city of Prescott. The property accomodates 8 tenants and is prominently located on themajor east/west commuter corridor of Iron Springs Road in a dense retail trade area.
PRESCOTT TOWNE CENTER Prescott, Arizona I Fully Improved Restaurant Opportunity Mary Jo Kirk 928.710.4045 I Bebe Wright 928.710.1783 I Arizona Commercial
Prescott Towne Center
PRESCOTT TOWNE CENTER Prescott, Arizona I Fully Improved Restaurant Opportunity Mary Jo Kirk 928.710.4045 I Bebe Wright 928.710.1783 I Arizona Commercial
PRESCOTT TOWNE CENTER Prescott, Arizona I Fully Improved Restaurant Opportunity Mary Jo Kirk 928.710.4045 I Bebe Wright 928.710.1783 I Arizona Commercial
Floor Plan
Shops E
PRESCOTT TOWNE CENTER Prescott, Arizona I Fully Improved Restaurant Opportunity Mary Jo Kirk 928.710.4045 I Bebe Wright 928.710.1783 I Arizona Commercial
Location
Phoenix 90 mi.
Flagstaff 90 mi.
Las Vegas 200 mi.
Los Angeles 300 mi.
San Diego 300 mi.
Albuquerque 400 mi
PRESCOTT TOWNE CENTER Prescott, Arizona I Fully Improved Restaurant Opportunity Mary Jo Kirk 928.710.4045 I Bebe Wright 928.710.1783 I Arizona Commercial
The City of Prescott is noted by its quality of life, nicknamed “Everybody’s Hometown”. At an elevation of 5,400 feet with a nearperfect 4-season climate, it is a highly desirable place to live and work. It offers very low crime rates, easy commuting, affordablehousing, excellent air quality and a wide variety of recreational and cultural attractions. Prescott faces few natural disasters making itideal for companies considering relocating or expanding.
Prescott offers residents a full range of educational, outdoor and cultural activities. There are 20 public schools and five charter schoolsoperated by the Prescott Unified School District in Prescott as well as four private schools. Four colleges include Prescott College(4 year) Yavapai College (2 year), Embry-Riddle Aeronautical University (4 year). Northern Arizona University and Old DominionUniversity also offer higher education through their satellite campuses.There are 12 parks for hiking and picnicking, five lakes forfishing and water activities, more than 70 miles of hiking and biking trails, two activity and community centers and four golf courses.Cultural activities include plays and performances at four performing arts theaters, three historical museums, a children’s museum andthe Heritage Park Zoo.
Prescott’s quaint, small town and slower paced lifestyle appeals most to those nearing retirement as 54% of the population is 45 andolder. The City has retained it’s small town charm with historic buildings, storefronts and Victorian style homes. Over 800 buildingsin Prescott are on the National Register of Historic Places.
Prescott Overview
“ Third in the country for job growth and economic vitality.”
– INC. Magazine
City of Prescott Snapshot2013 Estimated Population 51,688_________________________________2018 Projected Population 52,710_________________________________2010 Census Population 51,295_________________________________2000 Census Population 40,490_________________________________Growth 2010-2013 0.77%_________________________________Growth 2013-2018 3.5%_________________________________2013 Estimated Median Age 54.48_________________________________2013 Estimated Average Age 48.97
Whiskey Row, Downtown Prescott
PRESCOTT TOWNE CENTER Prescott, Arizona I Fully Improved Restaurant Opportunity Mary Jo Kirk 928.710.4045 I Bebe Wright 928.710.1783 I Arizona Commercial
Major Employers Yavapai County_________________________________Yavapai County Government 1,414_________________________________Yavapai Regional Medical Center 1,402_________________________________Veterans Admin. Medical Center 889_________________________________Phelps Dodge 871_________________________________WalMart 750________________________________Humboldt Unified School District 631_________________________________Sturm Ruger & Co 579_________________________________Yavapai College 564_________________________________State of Arizona 560_________________________________Prescott Unified School District 495_________________________________City of Prescott 463_________________________________Embry-Riddle University 375_________________________________Yavapai Gaming 294_________________________________Lockheed Martin 300
Market Overview
“ Third best metro in the country for job creation.”
– Milken Institute
“Top 100 for Best Small Places for Business.”
– Forbes
The Prescott Metropolitan Service Area houses 82,500 residents within the combined city limits with a population base of approximately130,000. The trade area is approximately 220,000, the majority of those living within a 10 mile radius of downtown Prescott. The city’sgrowth has been steady at about 4% per year for the past decade and is expected to continue at that rate with an estimated five yearmarket growth projected at 16.2% within a 30 mile radius. Prescott has settled into a strong pace of economic recovery, with employment3.5% higher than a year ago. The unemployment rate is at 5.9% well below the national average of 6.3%. In addition, every majorindustry other than information is growing on a year-over-year basis. The trade, transportation and utilities sector is the largest industryin the metro area and has also been one of the strongest. Employment in that industry has reached its prerecession peak and is now5.0 % higher than a year earlier. Professional & business services are also joining the recovery with payrolls climbing a whopping 8.%higher over the year.
The retail service area extends 50 milesfrom the center of Prescott. Many residentsin outlying areas travel to Prescott formedical services, employment, entertain-ment, government offices and shopping.Approximately 500,000 visit overnighteach year. Those visitors include a growingnumber of people from the Phoenix area,who make the 90 minute trip during thesummer to escape the desert heat, as wellas the fall and winter visitors looking totake advantage of the year round mild andsunny climate. Population gains, whichare running more than twice the nationalaverage thanks to positive net migration,should help move home sales and prices.The influx of residents should also boostconsumption of local goods and services.
Non-Farm Gain/Loss by Region. Source: Office of Economic Opportunity in collaboration with the US Dept.of Labor’s Bureau of Labor Statistics; 2016 Current Employment Statistics
Prescott 2016 Job Growth Leads the State
PRESCOTT TOWNE CENTER Prescott, Arizona I Fully Improved Restaurant Opportunity Mary Jo Kirk 928.710.4045 I Bebe Wright 928.710.1783 I Arizona Commercial
Demographics
“8th Safest Medium City in the US.”– Farmer’s Insurance Group
Population 1 Mile 3 Miles 5 Miles _________________________________________________________2020 Projection 5,165 33,901 46,631_________________________________________________________2015 Estimate 5,048 33,004 45,326_________________________________________________________Growth 2015-2020 2.31% 2.72% 2.88%_________________________________________________________Growth 2010-2015 0.64% 1.04% 1.21%_________________________________________________________Growth 2000-2010 13.51% 11.67% 13.08%_________________________________________________________
Households_________________________________________________________2020 Projection 2,472 16,392 22,600_________________________________________________________2015 Estimate 2,370 15,731 21,686_________________________________________________________
Household Incomes_________________________________________________________ 2015 Average $54,313 $57,717 $58,698_________________________________________________________ 2015 Median $36,256 $42,149 $43,694_________________________________________________________ 2014 Avg Household Size 2.06 2.01 2.00_________________________________________________________
Owner-Occupied Housing Value_________________________________________________________ 2015 Median $300,000_________________________________________________________
Occupation_________________________________________________________ Daytime Employment 8,548 25,792 32,596_________________________________________________________
Private Sector 7,863 23,116 29,237_________________________________________________________ Public Administration 685 2,676 3,359 _________________________________________________________Employees per Business 10 8 8 _________________________________________________________Employees Working at Home 158 961 1,244
1 Mile 3 Mile 5 Mile______________________________________________________Population 5,048 33,004 45,326______________________________________________________Households 2,370 15,731 21,686______________________________________________________HH Growth 2015-2020 4.31% 4.20% 4.21%______________________________________________________HH Growth 2010-2015 4.12% 3.77% 3.67%______________________________________________________HH Growth 2000-2010 16.28% 15.76% 18.34%______________________________________________________Owner Occupied 64.36% 63.93% 67.42%______________________________________________________ Renter Occupied 35.64% 36.07% 32.58% ______________________________________________________Average Household Income $54,313 $57,717 $58,698
