This property is Off-Market

4212 West Cactus Road
Phoenix, AZ 85029 ·

17,055 SF · Retail For Sale

N/A

Print

Fry's Shops at 43rd & Cactus

Price N/A Cap Rate 6.71%
Gross Leasable Area 17,055 SF Occupancy 100%
Property Type Retail Tenancy Multiple
Property Sub-type Strip Center Year Built 1990
Property Use Type Net Lease Investment with 5 years left on lease Lot Size 1.45 AC
Listing ID: 15558976 Date Created: 02/11/2008 Last Updated: 05/02/2008

Description

Fry' s Shops at 43rd & Cactus is a strip retail center that is 100% occupied by 11 tenants and is shadow-anchored by Fry' s Food & Drug located on the northeast corner of 43rd Avenue and Cactus Road in Phoenix, Arizona. The property consists of approximately 17,055 square feet of retail space on 1.45 acres of land. All leases are NNN and allow for reimbursement of operating and common area expenses. The property was constructed in 1990 and has been well maintained by the current owner, including a new roof in 2005, showing no deferred maintenance.

The property sits in a dense retail area of Phoenix that has high traffic counts of 29,500 vehicles per day on 43rd Avenue, and 31,500 vehicles per day on Cactus Road. Sardella' s Pizza and Wings occupies approximately 25% of the leasable area, a company with four valley locations and an excellent reputation locally. Other notable tenants include Quizno' s Subs, LA Weight Loss, Jackson Hewitt Tax Services, Check into Cash and Water N Ice. The combination of these tenants and other local service providers share good synergy with the Fry' s Food & Drug shadow-anchor.

Highlights

  • 7.24 % Cash on Cash
  • 100% Occupied
  • New Roof in 2005
  • Shadow-Anchored by Fry's
  • Hard Corner Location
  • Annual Rent Increases

Research

4212 West Cactus Road, Phoenix, AZ 85029 (Maricopa County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Phoenix Market Trends - Asking price index trends, sale price trends, asking rent trends

Steve Julius's Other Listings

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)