WSS Shoes

1960 South Country Club Drive, Mesa, AZ 85210

$4,720,000

Cap Rate 7.15%

Views: 107 DOM: 357 Updated: 10.10.24 Posted: 11.08.23 Status: Contract 02.21.24

Summary

Price $4,720,000	Built/Renov 2023	Tenant WSS Shoes
Cap Rate 7.15%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 15,000	Lease Start 11-19-2022	#Units 141
Price/SF $314.67	Expiration 11-18-2032	Tenant Type General Retail
NOI $337,500	R. Term 8.0	Ownership Fee Simple
Rent/SF $22.50	Increases 10.0%/4/yrs	Pop 5Mi 438,405
Lot/AC 1.24	Options 4/5yrs/10%	AHHI 5Mi $83,362

Lease Highlights

Brand-new 2023 construction
WSS Shoes has 8 years remaining on the current lease term with 4 (5-year) options to extend
The lease features 10% rental increases every 5 years
NN+ lease | Landlord responsible for exterior walls & structure
Corporate guaranteed lease

Location Description

WSS shoes is strategically located, with excellent visibility, at the signalized intersection of W Baseline Road and S Country Club Drive, which has a combined traffic count of 112,400 vehicles passing by daily. It is also positioned with immediate access to Superstition Freeway (US-60) which boasts an additional 278,000 vehicles per day. The site benefits from being 2.5 miles from Mesa...

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Key Features

New construction
Signalized intersection
High traffic 50M+ VPD
Dense retail corridor
Near major nationals
Dense 200M+ pop 5 mi
Top 100 MSA
Absolute NNN
Traded and rated company
Corporate Guarantee

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Links

WSS Shoes Wikipedia WSS Shoes Wikipedia Mesa, Arizona Zip Code 85210 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: WSS Shoes
Guarantor:Corp T and Rated
Company:Foot Locker, Inc
# Units:141
Tenant S&P: BB
Moody’s: Ba2
Stock: NYSE: FL

About Tenant

WSS Shoes, formerly Warehouse Shoe Sales, is a leading southern California retailer that offers a wide variety of footwear, clothing, and accessories from all major brands. WSS carries over...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	13,650	152,973	429,976
2023 Total Population :	13,831	152,273	427,911
2023 Employed Civilian Pop :	7,719	81,500	229,717
2023 Total Businesses :	899	6,619	14,475
2023 Average Household Income :	$ 90,433	$ 87,470	$ 94,401
2023 Total Consumer Spending :	$ 460 M	$ 4535 M	$ 13739 M
2023 Median Age :	34	33	34
2023 Total Households :	5,819	59,020	166,611
2023 Pop Age 25+: Bachelor's Degree :	2,043	20,980	64,365
2023 Average Home Value :	$ 414,838	$ 372,325	$ 390,950

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
South Country Club Drive	N Country Club (Access) Dr	2018	40,558	0.05 mi
S Country Club Dr	N Country Club (Access) Dr	2015	39,300	0.05 mi
W Baseline Rd	N Country Club (Access) Dr	2010	29,844	0.11 mi
South Country Club Drive	N Country Club (Access) Dr	2018	49,606	0.13 mi
S Country Club Dr	N Country Club (Access) Dr	2011	37,954	0.20 mi
W Baseline Rd	S Vineyard	2013	25,357	0.23 mi
W Baseline Rd	S Macdonald	2015	25,647	0.36 mi
West Baseline Road	S Macdonald	2019	23,409	0.36 mi
S Country Club Dr	W Iron Ave	2011	49,944	0.38 mi
SR 87	W Iron Ave	2020	35,869	0.39 mi

Listing Broker

Chris Lind

Marcus & Millichap: NLAG

Contact

190 Listings
21496 Views
108 Sold

Mark Ruble

Marcus & Millichap: NLAG

Contact

191 Listings
21594 Views
109 Sold

Chris Lind

Chris Lind specializes in advising the Net Lease Advisory Group’s clients in the acquisition and disposition of net-leased investment properties nationally. Chris is solely committed to single-tenant and multi-tenant net leased assets as well as structuring sale/leasebacks and portfolio sales throughout the United States. Chris has been with Marcus & Millichap since 2007 and his experience includes selling hundreds of properties located throughout the country. Chris prides himself on act

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Mark Ruble

Mark Ruble is the co-founder of the Net Lease Advisory Group and a top producing Agent with Marcus & Millichap. Mark has been with Marcus & Millichap for 19 years (2004) and has received numerous accolades for his superior service and outstanding performance. Mark has successfully closed over 1,840 properties totaling in excess of $5.7 Billion in transaction volume across 46 states. The key to Mark’s success has been his dedication to providing clients with market leading information an

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