AEON MALL Hiezu
|Property name||AEON MALL Hiezu|
|Location||Saihaku County, Tottori Pref.|
|Type||Regional shopping center (RSC)|
A Large Retail Property Easy to Circulate Through, Features a Cinema Complex
●After opening as a commercial facility centering on stores directly operated by AEON in March 1999, the floor area was expanded in October 2008, and the format was changed to a mall-type regional shopping center.
●Located in Hiezu Village of Tottori Prefecture, which shares a border with Yonago City, this property is positioned as a shopping center in the Yonago commercial area.
●This specialty store mall consists of two buildings, east and west buildings. Whereas the east building mostly hosts a general merchandise store directly operated by Aeon Group, the west building hosts a cinema complex and SPORTS AUTHORITY as the anchor tenants of a specialty store mall. Through the provision of a bridge, the second floors of the two buildings are also connected, making the ease of circulation around the entire property equally good on both floors.
●With surface-level and rooftop parking lots for both the east and west buildings, there is parking for a total of roughly 2,800 vehicles.
●The retail floor space under the Large-Scale Retail Store Location Act is approximately 36,000 m², making it the largest retail property in the Yonago commercial area. The mall's Movix is the only cinema complex in Tottori Prefecture.
●According to national census data, when looking at trade-area population by distance from the property, approximately 25,000 people live within a 3 km radius, roughly 73,000 people live within a 5 km radius, and approximately 161,000 people live within a 10 km radius. Including the trade area in the direction of Matsue City, the trade-area population is roughly 300,000 people.
●According to the census data, when looking at trade-area population by car travel time, approximately 33,000 people can drive by car to/from the property in 10 minutes, roughly 133,000 people can drive to/from the property in 20 minutes, and approximately 199,000 people can drive to/from the property in 30 minutes, which is greater than the population living within 10 km of the property. Hence, the location is good for drawing customers from a wide trade area that extends further in the direction of Sakaiminamoto City.
Key Property Data
|Property name||AEON MALL Hiezu|
|Address||1160-1, Hiezu, Hiezu-son, Saihaku-gun, Tottori|
|Type of specified asset||Trust beneficiary interests|
|Acquisition date||November 25,2013|
|Acquisition price||¥7,780 million|
|Land||Lot area (Note 1)||103,543.24㎡|
|Building||Completion date||Building 1: March 8, 1999 October 23, 2008 (of expansion)
Building 2: April 14, 1999 October 23, 2008 (of change and expansion)
|Structure / Floors||Buildings 1, 2: Steel-framed flat roof / 4 stories above ground|
|Total floor area (Note 2)||Building 1: 58,041.80 m²
Building 2: 43,634.20 m²
|Property management company||Jones Lang Lasalle K.K.|
|Master lease company||AEON Retail Co., Ltd.|
|（Note 1）||Includes leased land portion of 96,393.77 m² (portion for which our rights to use have been established [1,088.42 m² including 523.42 m² of land without a parcel number]) and leased land portion subject to a free-charge lease agreement (shiyō-tai-shaku), 5,489.99 m².|
|（Note 2）||One of the two retail property buildings on the property's lot that we owned (Building 1) has one store that is an attached building (20.80 m²), while the other building (Building 2) has 3 attached machine room buildings (17.39 m², 31.05 m², 300.00 m²) whose areas are not included in the total floor space.|
●Acquisition of DBJ Green Building Certification「2018★★★★」