21043 N Cave Creek Rd - Storefront FOR SALE


Phoenix, AZ 85024
$8,250,000 USD
602-620-6546
21043 N Cave Creek Rd, Phoenix, AZ for Sale
$8,250,000 USD
Storefront - FOR SALE
1/30
null | 6.8% Cap Rate

21043 N Cave Creek Rd
Phoenix, AZ 85024


HIGHLIGHTS

  • Rose Garden Center, a successful shopping center located at a signalized intersection with easy ingress and egress, passed by over 40,347 daily.
  • Businesses will benefit from access to Loop 101, two minutes away, and opportunities for exposure through large monument signage in a bustling area.
  • Home to national chains and local tenants, creating a memorable shopping experience in a rapidly developing area with new retail and housing.
  • Located on the edge of Arizona's capital city of Phoenix, where Average Household Incomes are over $75,000 in a 3-mile radius of the property.

OVERVIEW

Rose Garden Center, at 21043 N Cave Creek Road, is an opportunity to own a shopping center with national chains such as Quiznos, Leslie’s Swimming Pool Supplies, and State Farm Insurance at a high visibility locale in Phoenix, Arizona. The Rose Garden Center is a 93% occupied, 40,431-square-foot retail shopping center with well-maintained spaces and a dynamic tenant mix that provides a unique cross-shopping experience. Strategically located at a signalized, sought-after intersection at N Cave Creek Road and E Rose Garden Lane that include multiple points of ingress and egress, a monument sign, and passed by over 40,347 cars per day, the shopping center is benefitting from excellent exposure and access. Positioned in the rapidly developing area north of Downtown Phoenix, this area is experiencing significant new development with a brand-new Dunkin Donuts, Hog Wash Express, and QuikTrip, all newly constructed just across the street from the Rose Garden Center. Sitting less than four miles from Piestewa Highway (Arizona State Route 51), the major freeway in the Phoenix area connecting to Interstate 10 just outside Downtown Phoenix with Loop 101 on the city’s north side, which runs just a few blocks south of the shopping center. Located in Phoenix, an area with strong demographics, boasting a population of 84,164 within a three-mile radius that draws many potential customers to the Rose Garden Center. For an exceptionally kept property, join the diverse tenant base, including O2 Sushi, Athletico Physical Therapy, Fancy Nails and Spa, and Desert Ridge Music Academy at Rose Garden Center. The building itself is well-maintained and constantly renovated. As of July 2023, it is also fully leased.

FOR SALE DETAILS

PRICE

$8,250,000 USD

PRICE/SF

$203 USD /SF

CAP RATE

6.8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rose Garden Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

146

LAND DETAILS

LAND ACRES

1.06 AC

LAND SF

46,174 SF

ZONING

C-2, Phoenix

APN/PARCEL ID

213-10-025

ASK ABOUT THIS PROPERTY

Anthony MasielloXCD Realty & Property ManagementMore Info
602-620-6546

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Anthony MasielloXCD Realty & Property ManagementMore Info
602-620-6546

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.