This Retail Property is Off-Market.

21596 North John Wayne Parkway
Maricopa, AZ 85139 ·

32,885 SF · Retail For Sale

N/A

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Cobblestone Fiesta Shopping Center

Price N/A Cap Rate 8.23%
Gross Leasable Area 32,885 SF No. Stories 1
Property Type Retail Tenancy Multiple
Property Sub-type
Neighborhood Center
More...
  • Anchor
  • Community Center
Year Built 2005
Property Use Type Investment Lot Size 4.99 AC
Commission Split 2%
Listing ID: 17841164 Date Created: 09/20/2012 Last Updated: 09/24/2013

Description

Built in 2005; the Cobblestone Fiesta Shopping Center is 95% occupied and is anchored by Ace Hardware, which is the only hardware store in town. Not only does this stable investment include one of the top Ace Hardware's stores in the state, the shops have a great mix of tenants with long term NNN leases. The three largest tenants all have 5+ years remaining on their primary terms. Cobblestone Fiesta is a great opportunity for an investor to acquire a very desirable asset with much lower than normal cash down with the assumption of the existing non recourse loan that is fully assumable.

The subject property is located in Maricopa Arizona along the main retail corridor in the market. The town of Maricopa offers residents and businesses the experience of a small-town, rural atmosphere that is within a short distance of 15 miles to metro Phoenix. Maricopa boasts one of the top average incomes per household at approximately $75,000 with a population that is very educated. Approximately 61% of residents in Maricopa hold a bachelor's degree or higher. A large majority of residents that live in Maricopa drive past the subject property every day along Highway 347 to commute to Phoenix for work, providing unparalled exposure.

Highlights

  • Located Along the Main Thoroughfare in Maricopa
  • One of the Top Ace Hardware's in Arizona
  • Extremely Low Down Payment Required (Approximately 15%)
  • Excellent Income Demographics and Traffic Counts
  • Several Long Term Tenants in Place
  • Class A 2005 Construction

Research

21596 North John Wayne Parkway, Maricopa, AZ 85139 (Pinal County)

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