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FOR SALE 5577-5599 Hwy 95, Fort Mohave, AZ

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FOR SALE 5577-5599 Hwy 95, Fort Mohave, AZ Ann Pettit, Broker Cell: 928-234-5555 Email: [email protected] Pebble Lake New Water & Ice Facility Hooch’s Hooch’s Hooch’s Sport’s Bar Restaurant Catering HWY 95, 27,000 + Vehicle Trips Per Day FOR SALE 5577-5599 Hwy 95, Fort Mohave, AZ • Busy 14,600 SF retail center on Hwy 95 • Anchored by Hooches restaurant, bar and catering Price: $1,800,000 • 14 units, some combined, 10 tenants 2019 EST. NOI $132,000 • Built in phases 1989, 1995, 1999 • Recently painted, new signage 7% Cap Rate • New water & ice facilities w/drive through Rent Escalations built into leases • New windows and doors Lessee pays: Water, trash, electric & maintains HVAC Lessor pays Taxes, Insurance, maintains roof and structure Water & Ice with drive through…value added 2019 EASI Demographics Demographics Bullhead City & Local Service Trade Area Bullhead City is home to 40,421 residents with an additional population of 77,579 residing in a 30 mile radius north and south of the City. This 30-mile radius encompasses the Fort Mohave/Mohave Valley area, Oatman, Topock, Golden Valley, Laughlin, NV and Needles, CA providing a combined population service trade area of 118,000. This population count does not take into consideration the influx of two million tourists the area receives on a year round basis and approximately 30,000 winter visitors each year. Bullhead City Resident Population 40,421 Median Age 51.2 Total Housing Units 24,333 Median Family Income $57,651 Daily Traffic Counts – Highway 95 40,000+ BULLHEAD CITY LOCAL SERVICE TRADE AREA (30 MILE RADIUS ESTIMATE) Combined Population 118,000 (Bullhead City, Fort Mohave, Mohave Valley, Fort Mohave Indian Reservation, Oatman, Topock, Laughlin, NV, Needles, CA, Golden Valley) (60 MILE RADIUS ESTIMATE) Includes 30 mile radius plus Kingman & Lake Havasu 210,000 Total Mohave County Population 209,550 Bullhead City, Welcome to Bullhead Business Arizona City! Ready, Business Friendly Bullhead City is the retail hub of Mohave County and a recreational paradise on the banks of the Colorado River. When the City of Bullhead City began to take shape 35 years ago, developers and City officials had one thing in mind, they wanted to make Bullhead City a community that visitors, retirees and families would flock to and enjoy the natural resources of the beautiful Colorado River that flows between the City and Laughlin, Nevada and Lake Mohave just north of the city limits. In addition to the natural amenities, the area also offers planned residential subdivisions and a variety of housing choices to fit any lifestyle surrounded by shopping areas and more than 750+ acres of parks and thousands of acres of open spaces for recreation. Historic mining and river operations originally attracted residents to this region. Today, the area harbors water based recreation, casino action entertainment and continues each year to grow sports tournaments for youth, adults and seniors. Oh! – let’s not forget about our vibrant desert climate, where the sun shines every day over the Colorado River and Lake Mohave. This climate is what swells our areas population each year an additional 30,000 visitors who come here to recreate for periods of 3-6 months to escape their harsh winters back home. Economic Impacts – Sports Tourism – Special Events Tournaments Youth & Adult Sport Tournaments Annual Impact $15 million & GROWING Bullhead City has become a leading sports tourism community in Southwest Arizona. The visionary and progressive nature of our current Rotary Park Master Plan rivals many major market competitors for sport facilities. Our existing park facilities can host multiple sport tournaments at the same time. We are also home to a brand new 125,000 square foot indoor climate controlled sport arena with 5,000 permanent seats. The field area can be converted to accommodate basketball, volleyball, pickleball and concerts. TOURISM ,SPECIAL EVENTS, SPORT TOURNAMENTS With a strong partnership with the Laughlin, NV casino properties we are in a position to offer Laughlin /Bullhead City Visitor Volume 2+ million additional amenities that separate Bullhead City from other hosting communities, including: Laughlin /Bullhead City Hotel Room Inventory 11,000 v Location – four hours or less to four major urban centers; Phoenix, Las Vegas, Los Angeles, and Laughlin Room Nights Occupied (2018) 2,270,800 San Diego with a population of 8.9 million. v Affordability – teams and spectators can stay in the region at a value when compared to larger Laughlin/Bullhead International Airport Air Passengers (2018) 251,454 urban areas. The average cost of a hotel room is $45 each night. v Lodging – with nearly 11,000 hotel/motel rooms in the area it provides a strong competitive advantage over other small communities vying to host sport tournaments. Lake Mead National Recreation Area – Lake Mohave/Katherine Landing (2018) 1,384,493 v Eating & Drinking – the regional area has a wide variety of eating and drinking establishments that can cater to sport tournament visitors. v Retail – the region has built its retail sector over the years and offers the convenience of being close to tournament facilities. Youth & Adult Sport Tournaments 15,500 v Entertainment & Recreation – outside of sport tournaments, the region offers many (Team Players & Spectators Per Visiting Team Annually) entertainment and recreational opportunities that visitors can consume. This also exposes the area for repeat visits not associated with sport tournaments. v Weather – ability to host tournaments year round..
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