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1075 E Riggs Rd
Chandler, AZ 85249
SPRINGFIELD PLAZA SHOPS · Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,695 SF
Building Class
B
Year Built
2005
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.91 AC
Zoning
PAD
Parking
37 Spaces (5.53 Spaces per 1,000 SF Leased)
Frontage
187’ on E Riggs Rd
About 1075 E RIGGS RD , CHANDLER, AZ 85249
INVESTMENT HIGHLIGHTS --Excellent mix of strong, internet-resistant retailers including Papa Murphy’s Pizza, Smileworks Dentistry and Totspot Preschool --Adjacent to Anytime Fitness, drawing consistent traffic to the center --Strong annual rent increases of 3% to 5% --Below market rents allow for future rent growth upon tenant renewals at fair market rent LOCATION HIGHLIGHTS --Street front retail with excellent visibility to heavily traveled Riggs Road with over 22,000 VPD --Fry’s grocer at the intersection provides a strong regional pull --High income trade area with average HH income of over $115,000 within a 3-mile radius --Nearly 24,000 daytime employees within a 5-mile radius providing an excellent customer potential
Property Taxes
| Parcel Number | 303-79-840 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $145,543 |
Property Taxes
Parcel Number
303-79-840
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$145,543
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