Historical Retail Sale Listing - Goodwill

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Goodwill

15633 S. 32nd Street, Phoenix, AZ 85048

N/A

24,887 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
24,887 SF
Property Type:
Retail
Property Sub-type:
Retail (Other)
Additional Sub-types:
Neighborhood Center
Property Use Type:
Investment
Cap Rate:
8%
No. Stories:
1
Tenancy:
Single
Year Built:
1996
Lot Size:
2.41 AC
Parking Ratio:
5.50 / 1,000 SF
Zoning Description:
C-2
Listing ID
16163958
Last Updated
over 1 year ago

Highlights

  • 9+ years remaining on NNN lease
  • Corporate guarantee
  • Renovated in 2007
  • Great location in high traffic area

Description

The subject property is a 24,887 S/F building located in Ahwatukees Foothills Village Center. The building is part of a multi-parcel mixed-use retail development, and is situated on the southwest portion of the development. The structure was built in 1996 and completely renovated in 2007. The building is situated on approximately 2.31 acres zoned C-2 PCD. The property has 136 parking stalls, which provide a 5.5:1 parking ratio. Goodwill Industries of Central Arizona offers an excellent investment for this NN single tenant property. The landlord is responsible for the roof and structure. The lease has 9 years remaining on a 10-year lease with (2) two five yr options and increases every five years. The densely populated residential area attributes to the centers high historical occupancy and Goodwills success.

Located at the in the SEC of South 32nd Street and Chandler Blvd. Ahwatukee is centrally located, and high-end demographic sub-market of Phoenix, Arizona. This unique urban area is bordered by Interstate 10 to the East, South Mountain Preserve to the town North and West, and Indian Reservation Land to the South. These constraints contribute to the value of the limited amount of real estate. Perhaps less familiar is the extraordinary business community that exists here. This location offers a business friendly community with more than 100 commercial, retail and office parks, within a one mile radius. The property is surrounded by strong daytime employment from a host of retail centers and regional offices. The densely populated residential area and million dollar homes makes the demographics for this location stand out from others. This single tenant investment property is located in the heart of Ahwatukee within the wonderful Foothills Village Center. The building is located on the SEC of S. 32nd St. & Chandler Blvd., the building benefits from a two building multi-tenant strip center to the east, and a Circle K store, Jiffy Lube and a self service car wash to the north of the sit

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