WSS Shoes

1960 South Country Club Drive, Mesa, AZ 85210

$4,720,000

Cap Rate 7.15%

Views: 128 DOM: 415 Updated: 11.07.24 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 7.10	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...

...

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

...

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...

...

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

191 Listings
26488 Views
118 Sold

Mark Ruble

Marcus & Millichap: NLAG

Contact

192 Listings
26590 Views
119 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

...

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

...

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT