Historical Retail Sale Listing - Cobblestone Fiesta Shopping Center

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Cobblestone Fiesta Shopping Center

21596 North John Wayne Parkway, Maricopa, AZ 85139

N/A

32,885 SF | Retail

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Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
32,885 SF
Property Type:
Retail
Property Sub-type:
Neighborhood Center
Additional Sub-types:
Anchor
Community Center
Property Use Type:
Investment
Commission Split:
2%
Cap Rate:
8.23%
No. Stories:
1
Tenancy:
Multiple
Year Built:
2005
Lot Size:
4.99 AC
Listing ID
17841164
Last Updated
332 days ago

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

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.

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

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