PROPERTY DETAILS
Price |
$3,333,000 |
CAP |
5.40% |
LEASE TERM |
15 Years |
LEASE TYPE |
NN |
Land Size |
±0.79 AC |
PROPERTY HIGHLIGHTS
EXCELLENT PROPERTY VISIBILITYSubject property features direct frontage on W Peoria Ave (+48,000 VPD), and is less than 1 mile away from I-17 (+217,000 VPD) a main north-south Arizona thoroughfare. STRONG RETAIL SYNERGYLocated in a retail infill corridor, nearby tenants include Chick-fil-A, Starbucks, Ross Stores, PetSmart, Burlington and many others. |
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OUTSTANDING DEMOGRAPHICSThe site sits in the middle of a dense populous area with over 450,000 residents in a 5-mile radius with an average household income of over $92,000. ADJACENT TO NEW DEVELOPMENTSeconds away from the $1 billion redevelopment of Metrocenter Mall. The project will include over 350,000 SF of new mixed-use commercial space as well as ±3,700 new multifamily units. |
CONTACT
Alec Miller
Acquisitions & Dispositions Manager
D: 480.745.2460 | M: 480.531.
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Peter LeBlanc
Acquisitions & Dispositions Associate
D: 480.750.8922 | M: 928.284.8404
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