Tatum Ranch Crossing, Safeway Shadow Anchored

Category:

Safeway and stores at Tatum Ranch

Location: 29834 N. Cave Creek Rd., Phoenix, AZ

Key Anchor: Safeway

Key Tenants: Anytime Fitness, Bank of America, ATI, Subway, Postnet and Starbucks.

Size/Tenants: 34,000 sq ft across 16 tenants.

Investment Summary:

Annual Revenue: $849,000

Current ROI: 14%

Appreciation Growth: 18%

Current Value: $12.7mm (Purchased in 2021 for $10.5mm)