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27,015 SF | Retail Building | Cave Creek, AZ 85331 | $13,018,647 ($482/SF) | 9.87% Cap Rate
- Date Added:
- September 16, 2024
- Days on Market:
- 2 days
Asking Price $13,018,647
- Property Type
-
Retail
- Square Feet
- 27,015 SF
- Price / Square Foot
- $482
Listing Contacts
Simon Assaf
Verified Profile
- Property Info
Property Overview
Simon Assaf
License No. CO701910000
(866) 899-0550
Matthews Real Estate Investment Services, Inc.
4110 N Scottsdale Rd Suite 100,
Scottsdale, AZ 85251
License No. CO701910000
(866) 899-0550
Matthews Real Estate Investment Services, Inc.
4110 N Scottsdale Rd Suite 100,
Scottsdale, AZ 85251
Property Details
- Class
- B
- Year Built
- 2008
- Stories
- 1
- Property Subtype
- Day Care Facility/Nursery
- Lot Size (sq. ft)
- 136,778 SF
Highlights
- LOCATION AND GROWTH POTENTIAL: Situated on a strategic corner that witnesses daily traffic of just under 33,000 VPD per day.
- Double Digit Cap Rate in next 2 years.
- ZERO LANDLORD RESPONSIBILITY: The property is an Absolute NNN.
- CORPORATE LEASE: The Lease is signed by Learning Care Group, Inc (Parent Company).
- ANNUAL INCREASES: 1.75%
- The Valley recorded 1.4 million SF of net absorption over the past 12 months, ranking Phoenix as one of the nation’s top 10 strongest demand markets.
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