Investing in the Future of Lake Havasu: A Premier Commercial Opportunity
If you’re seeking a stable, income-producing commercial investment with long-term upside, look no further than this fully leased, multi-tenant retail center in the heart of Lake Havasu City, Arizona. Offered at $11 million by Desert Land Group, this prime property offers turnkey passive income with a projected income of approximately $660,000 by 2026 and a solid 5.6% cap rate in a competitive market. Built in 1989 and spread across 7.45 acres with approximately 315 parking spaces, the center sits prominently along McCulloch Boulevard—the city’s bustling main street—providing maximum exposure, high foot traffic, and proximity to a thriving business district with over $583 million in annual sales.
This retail center is more than just a cash-flow asset—it’s a resilient and diversified investment. It features ten established tenants, including national and regional retailers, all under long-term leases. A 100,204-square-foot anchor pad tenant adds stability to the mix, while the diverse tenant profile promotes cross-shopping and reduces vacancy risk. Even during a past anchor tenant turnover, the inline spaces remained consistently leased, illustrating the location’s high demand and economic resilience. Many of the current tenants are on shorter-term contracts and paying below-market rents, presenting savvy investors with an opportunity to increase income as leases naturally turn over.
Adding to the appeal is a .43-acre undeveloped pad fronting McCulloch Boulevard. This parcel, already zoned C2 and approved for a drive-thru or sit-down restaurant, represents a valuable opportunity to develop additional revenue-generating space. With infrastructure already in place and direct access from the main road, it’s a turnkey project for any investor looking to expand income potential.
Lake Havasu City is a year-round vacation destination known for over 300 days of sunshine, top-tier recreational amenities, and iconic landmarks like the London Bridge. With over 1.6 million annual visitors and a steadily growing population of over 60,000 residents, the area supports robust consumer spending. The local economy is fueled by tourism, seasonal residents, and a strong retiree base, all of which contribute to the city’s impressive $780 million in annual sales within the retail and food service sectors.
This investment offers more than just solid financials—it offers peace of mind. With minimal landlord involvement required, strong existing leases in place, and growth potential through market-rate adjustments and future development, this property is ideal for investors looking to secure long-term, reliable income in one of Arizona’s most dynamic markets.
To learn more, schedule a private tour, or request detailed financials and lease information, contact the Luxury Team 928-453-0123 or email [email protected]