Historical Retail Sale Listing - Union Hills Village

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Union Hills Village

18631 N 19th Ave, Phoenix, AZ 85027

N/A

110,188 SF | Retail

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Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
110,188 SF
Property Type:
Retail
Property Sub-type:
Neighborhood Center
Property Use Type:
Investment
Cap Rate:
6.75%
Occupancy:
95%
Tenancy:
Multiple
Listing ID
15630658
Last Updated
over 1 year ago

Description

The retail investor has an exceptional opportunity to acquire a well-located 95 percent leased ±110,188 square foot neighborhood retail center in the densely-populated North Bell Road submarket. Union Hills Village is anchored by a ±47,036 square foot Safeway and a ±10,010 square foot Dollar General store in addition to several smaller national and regional tenants. The Safeway is included in the sale, which is rare in Arizona.

Union Hills Village is a Safeway anchored retail center located in Phoenix, Arizona one of the fastest growing cities in the United States. Located one mile south of the Loop 101 freeway and one mile east of the Black Canyon Freeway (Interstate 17), Union Hills Village benefits from easy access to metropolitan Phoenix and high traffic counts. Over 30,000 cars pass by the center along Union Hills Drive daily and over 27,000 cars pass along 19th Avenue daily.

Union Hills Village is an attractive, Class A neighborhood center located in Phoenix, Arizona the fifth largest city and fastest growing large metropolitan area in the United States. The property possesses excellent drawing power from its superior tenant mix that includes Safeway and Dollar General. The center is prominently located at the intersection of Union Hills Drive and 19th Avenue and the tenant mix is well suited to serve the local area demographics, with many of the tenants choosing to stay at the center for 10+ years.

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