Lake Havasu City, AZ 86404

JCPenney Ground Lease

Offering Summary

  • Price: $3,954,000
  • Lot Size: 7.1 Acres
  • Cap Rate: 7.65%
  • Year Built: 2008
  • Building SF: 105,422
  • Status: In Escrow
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  • Absolute Triple-Net (NNN) Lease with 10 Years Remaining
  • Priced Way Below Replacement Value at Only $41/SF
  • High-End JCPenney Store, which Includes the Sephora Concept and Salon Inside the Premises
  • Amazon Coming Soon to Adjacent Property
  • Situated in The Shops at Lake Havasu – Other Major Tenants Include Walmart Supercenter, Dillard’s, PetSmart, and Star Cinemas
  • Minutes to Lake Havasu State Park – Over Half a Million Visitors Each Year
  • 55,975 Residents in Growing Lake Havasu Trade Area
  • Excellent Visibility – Directly Off AZ Highway 95
  • Centrally Located Between Las Vegas, NV and Phoenix, AZ

Broker Information