6544 W Thomas Rd - Storefront FOR SALE


Phoenix, AZ 85033- Maryvale
$17,900,000 USD
480-292-3697
6544 W Thomas Rd, Phoenix, AZ for Sale
$17,900,000 USD
Storefront - FOR SALE
1/8
null | 7.29% Cap Rate

6544 W Thomas Rd
Phoenix, AZ 85033
Maryvale


HIGHLIGHTS

  • GROCERY ANCHORED SHADOW SPACE
  • WELL MAINTAINED PROPERTY with OVER $1.3 MILLION in RECENT CAPITAL IMPROVEMENTS
  • HIGH TRAFFIC COUNTS IN A CENTRAL LOCATION

OVERVIEW

The West Highlands Shopping Center offering includes 82,515 square feet, built in 1979. The property is well-maintained and professionally managed and has had over $1,300,000 in recent capital improvements. Shadow anchored by a high-volume Food City, the property has maintained a historically high occupancy and is currently 100% occupied. Approximately 60% of the Center has been occupants have been in continuous operation for over 7 years and the average weighted tenure of the tenants of over 12 years. With a daytime population exceeding 545,000 within 5 miles and 203,000 residents within three miles, West Highlands has attracted a wide array of recognizable tenant names, such as Family Dollar, Aaron’s Rent to Own, Sherwin-Williams, Cricket Wireless, Pizza Patron, Jackson Hewitt, and Subway Sandwiches. These dynamics have yielded tremendous foot traffic to the center, evidenced by the success of Food City (Top 5% in Chain), Domino’s (Top 4%) and Popeye’s Louisiana Kitchen (Top 16%). Located one mile from the Interstate 10 Freeway and 20 Minutes from Phoenix Sky Harbor International Airport, this centrally located neighborhood center has been professionally managed and maintained for over 20 years with the current ownership group. The property will continue to thrive.

FOR SALE DETAILS

PRICE

$17,900,000 USD

PRICE/SF

$266 USD /SF

CAP RATE

7.29%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

West Highlands

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

140

LAND DETAILS

CROSS STREETS

N 67th Ave

LAND ACRES

5.41 AC

LAND SF

235,694 SF

ZONING

PSC

APN/PARCEL ID

103-02-004

ASK ABOUT THIS PROPERTY

Ari SpiroORION Investment Real EstateMore Info
480-292-3697

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Ari SpiroORION Investment Real EstateMore Info
480-292-3697

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