Highlights

• Triple Net (NNN) Leases
• A Few Miles to the North of the Paradise Valley Submarket
• 3% Annual Increases for each Tenant

• Southwest Corner of Tatum and Greenway
• 35,000 Cars Per Day on Tatum Boulevard
• Great Frontage on Tatum

Description

The subject property is a six tenant retail shopping center with landlord friendly Triple Net (NNN) leases. The subject is 9,871 rentable square feet on 1.03 acres of land. The shopping center is 100% occupied and a new landlord will benefit from the three percent annual increases on each lease.

New financing can be obtained for a new investor. Please note the proposed cash on cash is with a new interest only loan that can be placed on the property. Contact listing agent for more details.

The subject is located on the Southwest corner of Tatum Boulevard and Greenway Road in the North Phoenix Submarket. There is excellent frontage right on Tatum Boulevard and the tenants benefit from strong demographics in the area. The traffic counts are as follows: 35,000 cars per day on Tatum Boulevard and 37,500 cars per day on Greenway Road.

This retail shopping center is just North of the Paradise Valley submarket, a few miles to the South of the Desert Rige Mall and West of the high End Kierland Commons Mall. This North Phoenix submarket benefits from an average household income of $64,357. The population in this area is currently 244,667 residents within a five mile radius and expected to grow by 11.27% in the next 5 years. Within a mile of the subject is Horizon and Scottsdale Christian High Schools, which drives a lot of additonal activity to the centers.