Skechers Outlet- Investment Opportunity

Investment Overview

A.T. Pancrazi Real Estate presents a single-tenant, triple-net leased Skechers Outlet at 1533 S Avenue B in Yuma, Arizona. It is offered at $1,966,000, a 6.36% cap rate on current NOI of $125,061. The ±5,761 SF building sits on ±1.47 acres and is leased to Skechers USA Retail, LLC. Skechers has occupied the site since at least 2014 and recently exercised its renewal option early, extending the term through March 31, 2034. Rent rises to $137,567 in April 2029, and two remaining 5-year options run through 2044. Skechers is a Fortune 500 company and the world’s third-largest footwear brand, with record 2025 sales of $9.64 billion. The property is on Avenue B just north of 16th Street, with ±51,318 combined vehicles per day and Interstate 8 about 2.8 miles away. It is across from Plaza del Rio, anchored by Food City, and shares the block with CVS, Burger King, and McDonald’s. The NNN lease makes it a strong fit for a passive or 1031 exchange buyer.

Investment Highlights

• Offered at $1,966,000, a 6.36% cap rate on current NOI of $125,061
• Single-tenant NNN lease with Skechers USA Retail, LLC
• Tenant exercised its renewal early, extending the term through 3/31/2034 (±7 years, 5 months remaining)
• Built-in rent increase to $137,567 on 4/1/2029
• Two remaining 5-year options through 2044, growing to $166,456 per year
• On site since at least 2014, with options exercised in 2018, 2023 and early in 2026
• Fortune 500 tenant and the world’s third-largest footwear company, with record 2025 sales of $9.64 billion
• ±5,761 SF building on ±1.47 acres, built 1998, zoned B-1
• ±51,318 combined vehicles per day at Avenue B and 16th Street
• About 2.8 miles from Interstate 8
• Across from Plaza del Rio (Food City, Dollar Tree, dd’s Discounts, Chase Bank)
• Shares the block with CVS Pharmacy, Burger King and McDonald’s
• Ideal for a passive investor or 1031 exchange buyer