Highland Plaza, Safeway Shadow Anchored
Category: Multi-Tenant Retail Buildings
Location: 1496 N. Higley Rd., Gilbert, AZ
Key Anchor: Safeway
Key Tenants: Great Clips, Subway, Massage Envy, Baskin Robins, and TUTU Dance Studio.
Size/Tenants: 18,000 sq ft across 11 tenants.
Investment Summary:
Annual Revenue: $515,000
Current ROI: 16.6%
Appreciation Growth: 31.3%
Current Value: $8mm (Purchased 2019 for $5.5mm)