Big 5 Sporting Goods | Corporate Lease
Lake Havasu City, AZ
Price: $2,712,000Cap Rate: 6.75%Building SF: 10,680 SFLot Size: 34,000 SFYear Built: 1999Status: Available

Investment Highlights: 

Big 5 Sporting Goods: Strong National Tenant – Desirable Corporate Lease – Rent Growth – The subject property is leased by Big 5 Sporting Goods and offers a strong corporate lease from one of America’s top retailers of name brand sporting goods and accessories. As of January 1, 2017, Big 5 had 433 locations spread throughout 11 western states. The lease features 10% rent increases every five years, providing an investor with a stable tenant and excellent rent growth.

19+ Year Successful Operating History – Commitment to Site – Limited Competition  – Big 5 has successfully operated at this location since early 1999, and has extended their lease multiple times, reflecting their commitment and assumed profitably at this location.Big 5 is the only national sporting goods retailer in Lake Havasu City, assuring an investor of the tenant’s profitability and future longevity at this location.

Ideal Real Estate Location on Major Corridor In/Out of Lake Havasu – Excellent Visibility  – The subject property is located along Lake Havasu Ave with signage along Highway 95, the main artery through town and the only major access in/out of Lake Havasu City. This corridor is heavily trafficked by commuters and tourists, seeing over 30,000 cars per day.

Strong Retail Synergy with Neighboring Retailers –  The location along this thoroughfare provides outstanding retail synergy with neighboring retailers such as O’Reilly Auto Parts, UPS Store, Starbucks, Chipotle, AutoZone, Anytime Fitness, Walgreens, Safeway, Denny’s, Chevron, Burger King, In-N-Out Burger, and many more.

Blocks from the Colorado River – Quick Access to Marina, Golf, Camping – Strong Customer Draw – The subject property is situated just a few blocks from the Colorado River, and is quickly accessed from the marina and nearby lodging resorts. Its proximity to outdoor recreation such as golf, boating, hiking trails, and campgrounds provides a strong customer draw to the location, supporting its success.

Located in Lake Havasu City – Premier Tourist Destination – Best Place to Retire – The subject property is located in Lake Havasu City, one of the premier vacation spots in Arizona, seeing 775,000 visitors per year. With more than 60 miles of navigable waterways and no speed or size restrictions for boats, Lake Havasu is considered the boating capital of the Southwest, drawing boaters from Southern California, Las Vegas and Phoenix, AZ. 

 

Featured in the “Best Places to Retire” lists in Money Magazine, Portfolio.com, TIME magazine, the Retirement Living Information Center and other national publications, Lake Havasu City offers an outstanding retirement community. The area boasts 300+ days of sunshine, numerous golf courses, a low cost of living, and proximity to nearby hiking and offroading destinations, making it an ideal year-round retirement destination.


Ryan Barr

rbarr@lee-associates.com
O. 760.448.2446
F. 760.929.9977

Ryan Bennett

rbennett@lee-associates.com
O. 760.448.2449
F. 760.929.9977