Historical Retail Sale Listing - Fry's Shops at 43rd & Cactus

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Fry's Shops at 43rd & Cactus

4212 West Cactus Road, Phoenix, AZ 85029

N/A

17,055 SF | Retail

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Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
17,055 SF
Property Type:
Retail
Property Sub-type:
Strip Center
Property Use Type:
Net Lease Investment with
5 years left on lease
Cap Rate:
6.71%
Occupancy:
100%
Tenancy:
Multiple
Year Built:
1990
Lot Size:
1.45 AC
Listing ID
15558976
Last Updated
over 1 year ago

Highlights

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

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.

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

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