The Ross Walgreens Shopping Center 234 East Bell Road, Phoenix, AZ Cap Rate 6% Phoenix (Phoenix, Arizona, US ) Built

$13,850,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 94,600 sq. ft.
  • Development Level: Built
  • Lot Size: 345082 acres
  • Year Built: 1995

Description

The Ross Walgreens Shopping Center 234 East Bell Road, Phoenix, AZ Cap Rate 6%

ap Rate: 6%
NOI: $833,047
Combined Building Area: 94,600 sqft
Lot Area: 345,082 sqft
Occupancy: 100%
Lease Type: Triple Net
Year Built: 1995
Price Per Building SF: $146
Price Per Land SF: $40.38

Price: $13,850,000 USD

DESCRIPTION
Newmark Knight Frank (NKF), as exclusive advisor, is pleased to present the opportunity to acquire the The Ross Walgreens Shopping Center (the Property), a 94,600-square-foot retail project in Phoenix, Arizona.

This single-story two-building Property is located in an extremely dense North Phoenix submarket and is currently 100% leased. Built in 1995, the Property is situated on 2 parcels totaling ±7.92 acres, with ample surface parking and tremendous visibility from Phoenix's busiest arterial, Bell Road.

The Property offers an opportunity for an investor to capitalize on the increasing market fundamentals fueled by the continued development in the submarket. Located just 19 miles north of Sky Harbor International Airport, the site offers exceptional regional access with close proximity to three of Phoenix's most important arterials, the Loop 101 Freeway, State Route 51 and Interstate 17.


HIGHLIGHTS
• Currently 100% Occupied Stable Cash Flow Asset
• Outstanding National Credit Tenant Mix - Ross, Walgreens, Big Lots and Beall's Outlet
• Income Grows 11% within 2 Years and 22% within 3 Years
• Best in Class Credit Ratings
• Consistently ranked as #3 Top-Producing Walgreens in Arizona
• Developed and Last Sold in 1995 - FIRST TIME OFFERED FOR SALE SINCE!
• Generational Acquisition Opportunity
• High Ownership Barrier to Entry Along 7th Street Corridor
• Below Market Rents - 50% of Current Market Rents
• High Demand/Extremely Low Vacancy Submarket
• Irreplaceable Location - 7th Street & Bell is a Regional Intersection

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

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Information is deemed to be correct but not guaranteed.