10050 N Metro Pky E | Phoenix, AZ 85051
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10050 N Metro Pky E
Phoenix, AZ 85051
City of Phoenix Public Library Cholla Branch · Specialty Property For Sale
·
30,000 SF
Investment Highlights
- 50 year “firm term” single tenant ground lease to the City of Phoenix
- 10% compounding rent increases every 5 years throughout the entire term
- Redevelopment is expected to revitalize the area with significant residential and commercial growth: 2,600 new housing units & 140,000 SF of retail
- Absolute NNN lease featuring zero landlord responsibilities or expense obligations
- The adjacent Metropolitan is an $850 million redevelopment project transforming the 64.2-acre former Metrocenter Mall site into a mixed-use community
- The Valley Metro Light Rail expanded in 2024 with a new station at the Metrocenter, connecting to Downtown Phoenix, Mesa, Tempe, ASU and PHX Airport
Property Facts
| Property Type | Specialty | No. Stories | 2 |
| Building Class | B | Year Built/Renovated | 1977/1990 |
| Lot Size | 0.69 AC | Parking Ratio | 0.83/1,000 SF |
| Building Size | 30,000 SF | ||
| Zoning | C-R - Commercial retail district | ||
| Property Type | Specialty |
| Building Class | B |
| Lot Size | 0.69 AC |
| Building Size | 30,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1977/1990 |
| Parking Ratio | 0.83/1,000 SF |
| Zoning | C-R - Commercial retail district |
Property Taxes
| Parcel Number | 149-16-400 | Improvements Assessment | $0 |
| Land Assessment | $131,027 | Total Assessment | $131,027 |
Property Taxes
Parcel Number
149-16-400
Land Assessment
$131,027
Improvements Assessment
$0
Total Assessment
$131,027
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