Burlington & PetSmart

Highlights

• ANCHORED BY TWO RESPECTED NATIONAL LONG-TERM CREDIT TENANTS Burlington (newly opened on a 10-year lease) and PetSmart (open since 2007 with two renewal options remaining). PetSmart also opened a veterinary clinic in early 2024 to meet the needs of the community.
• WITHIN A HIGH-DEMAND, SUCCESSFUL REGIONAL CENTER In addition to Burlington (which saw over 200 people in line for 2 hours on opening day), recent new leases, expansions, and relocations include: Five Below, Tillys, Home Goods, and Ashley Furniture.
• TIGHT RETAIL MARKET Casa Grande enjoys 96% overall occupancy, and its key retail centers are virtually fully occupied. Rental rates have posted an impressive 8.1% year-over year rent growth.
• RAPID GROWTH ACROSS THE REGION Casa Grande was ranked as the 7th fastest-growing U.S. city in 2021 and has not slowed down since, with 24% population growth since 2016, and substantial job creation across numerous industries.
• INTERSTATE 10 AND FLORENCE BLVD: A REGIONAL DESTINATION Located within The Promenade at Casa Grande, the most dominant regional center in Pinal County with more than 50 tenants in one million square feet. Another regional draw is directly across Florence Blvd - Arizonas largest indoor auto showroom. This destination automotive sales center has already noticeably increased traffic at the center.
• TENANT MIX FITS WELL WITH THE CUSTOMER BASE Burlington and PetSmart are high brow/low brow retailers that meet the needs of a wide range of consumer incomes. The surrounding population boasts an average household income of $99,753 within a 3-mile radius.
• BOOMING EMPLOYMENT Lucid is set to have 3,000 employees by year-end, with plans to add 3,000 more in five years. An additional 900 jobs are expected as Kohler, NRS Logistics, Green Bay Packaging, CCP, FrameTec, among others open new facilities in Pinal County.

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