6601 W Indian School Rd - Storefront FOR SALE


Phoenix, AZ 85033- Maryvale
$6,375,000 USD
602-770-3245
6601 W Indian School Rd, Phoenix, AZ for Sale
$6,375,000 USD
Storefront - FOR SALE
1/10
null | 6.69% Cap Rate

6601 W Indian School Rd
Phoenix, AZ 85033
Maryvale


HIGHLIGHTS

  • SHADOW-ANCHORED TO BUSY FRY’S GROCERY STORE – KROGER OWNS THEIR BOX
  • FRY’S SEES 1.3 MILLION VISITORS PER YEAR, HIGHER THAN ALL OTHER GROCERS IN THE SUBMARKET
  • CLASSIC NEIGHBORHOOD TENANT MIX – PIZZA HUT, CRICKET, NAILS, BARBER, RESTAURANT, ETC.
  • AVERAGE RENT OF ONLY $22.00 PSF, ALL ON NNN LEASES
  • VERY HIGH TRAFFIC INTERSECTION WITH ±83,000 VPD
  • LONG TENURED PROPERTY MANAGER WILLING TO STAY ON

OVERVIEW

Newmark Retail Capital Markets is pleased to present the opportunity to acquire Indian Park Plaza, 100% leased strip retail center. This 19,848 square foot Fry’s shadowanchored center is home to eleven tenants in Phoenix, Arizona. Indian Park Plaza is about two miles north of the I-10 freeway, connecting the property to Downtown Phoenix. With frontage on both Indian School Road and 67Th Avenue, this property is adjacent to dense residential neighborhoods on a dominant retailoriented intersection, exposing the property to over 83,000 vehicles on a daily basis. This shopping center is situated 15 minutes from Arizona Cardinals State Farm Stadium and 20 minutes from Phoenix Sky Harbor International Airport in the ever-growing submarket of West Phoenix. This fully leased center offers an investor the rare opportunity to acquire a stable asset in a growing part of Phoenix, Arizona.

FOR SALE DETAILS

PRICE

$6,375,000 USD

PRICE/SF

$510 USD /SF

CAP RATE

6.69%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Indian Park Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

PSC, Phoenix

APN/PARCEL ID

103-01-087

ASK ABOUT THIS PROPERTY

Steve JuliusNewmark, Inc.More Info
602-770-3245

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Steve JuliusNewmark, Inc.More Info
602-770-3245

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