Aurora Center Aurora Center

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For Sale > Retail Investment Opportunity Aurora Center 409 Merhar Avenue, Fairbanks, Alaska 99701 Representative Rendering Investment Highlights AT&T Credit | AT&T anchors the center and represents 50% of the income stream. AT&T is rated A- by Hoovers adding strong credit to the asset. In addition, Great Alaska Pizza is a corporate lease with eleven locations throughout Alaska and Colorado. Excellent Location/Strong Retail Corridor | The center is located in the heart of Fairbanks’ retail corridor on a pad in front of Lowe’s, Barnes & Noble, Sportsman’s Warehouse, Old Navy, Petco and Famous Footwear. Additional neighboring tenants include Wal-Mart, Fred Meyer, Home Depot, Safeway, Office Max, Sam’s Club, McDonald’s and Burger King. Extremely Busy Center & Trade Area | Very happy anchor and “junior” anchor neighboring tenants are quoting high volumes. Wide Trade Area | Fairbanks retail, including the Aurora Center, caters to a wide trade area serving the entire North Star Burough of Alaska. The North Star Burough consists of 98,000 people, who all shop in Fairbanks. 100% Leased | The offering is 100%-preleased to three tenants. Rental Increases | Great Alaska Pizza has annual rental increases and AT&T and Yogurt Fun Factory have rental increases every five years. Strong Demographics | Average Household Incomes are approximately $70,000 in the 1, 3, and 5-mile rings. The property caters to a wide trade area and benefits from a population of 32,000 and 52,000 people in the 3 and 5-mile rings. Ease of Management | With three 10-year NNN leases and brand new construction, the investment offers ease of management. Brand New Construction | The center is currently under construction and will be delivered brand new. Construction and tenant turnaround is expected September 2011. Ten Year Leases | All leases are ten years providing tenant commitment and long-term stability to the investment.
Representative Rendering Representative Rendering Representative Rendering
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Aurora Center Aurora Center

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