7044 & 7046 E Main st - Storefront FOR SALE
Scottsdale, AZ 85251 |
$2,900,000 USD
602-715-2149
7044 & 7046 E Main st
Scottsdale, AZ 85251
HIGHLIGHTS
- Old Town Scottsdale: This offering is located in the heart of Old Town Scottsdale, which is the number one entertainment destination in all of Arizona
- Long Term Operating History: Plaza De Los Garcias provides a 100% occupied investment with a strong mix of internet resistant tenants.
- NNN Investment with increases: Both leases are on a NNN basis that include three percent (3%) annual increases to hedge against inflation.
- Art and Entertainment District: Workday population in a 1-mile radius is over 50,000 people and boasts significant nighttime traffic.
- Strong Demographics: Plaza De Los Garcias is subject to strong demographics with over 1.4 million annual visitors to retail stores.
- Multi-Family Developments: There are over 500 Multifamily units proposed or currently under construction in Old Town.
FOR SALE DETAILS
PRICE
$2,900,000 USD
PRICE/SF
$746 USD /SF
CAP RATE
5.3%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Plaza De Los Garcias
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1955
SPRINKLERS
-
PARKING SPACES
11
LAND DETAILS
LAND ACRES
0.18 AC
LAND SF
7,948 SF
ZONING
C-2
APN/PARCEL ID
130-12-068B
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602-715-2149
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602-715-2149
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