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Supercuts & Shops 1304 E Chandler Blvd 5,991 SF 100% Leased Retail Building Phoenix, AZ 85048 $1,850,000 ($308.80/SF) 5.27% Cap Rate
Investment Highlights
- Outparcel Pad to Grocery-Anchored Community Center
- Well Below Market Rents – Property-wide, existing rents are on average ±$1.43 PSF (±31% below current market rates)
- High Quality Retail Pad Opportunity – Supercuts & Shops is 100% leased to a synergistic mix of local and regional credit tenants
Executive Summary
* Outparcel Pad to Grocery-Anchored Community Center – Pad site at the Safeway anchored Foothills Center, a ±53,000 SF neighborhood shopping center located at the signalized intersection of W Chandler Blvd (±16,130 CPD) and Dessert Foothills Pkwy (±11,110 CPD)
* High Quality Retail Pad Opportunity – Supercuts & Shops is 100% leased to a synergistic mix of local and regional credit tenants, Supercuts, Gracie Barra Jiu Jitsu, and Yoasis Yogurt
* Well Below Market Rents – Property-wide, existing rents are on average ±$1.43 PSF (±31% below current market rates)
* Exceptional Income Growth – Due to embedded rental increases and rolling rents to market, the NOI is projected to increase by more than $48,700 (±50%) upon stabilization in Year 5 and over $84,700 (±87%) during the anticipated 10-year hold period
* Affluent Phoenix Suburb – Located within Ahwatukee Foothills, one of the most desirable suburban areas within the Phoenix Market being ranked the #1 Best Neighborhood to Live in Phoenix by Niche.com in 2025. The site serves more than 131,200 residents within a 3-mile radius with an average household income exceeding $126,400
* High Quality Retail Pad Opportunity – Supercuts & Shops is 100% leased to a synergistic mix of local and regional credit tenants, Supercuts, Gracie Barra Jiu Jitsu, and Yoasis Yogurt
* Well Below Market Rents – Property-wide, existing rents are on average ±$1.43 PSF (±31% below current market rates)
* Exceptional Income Growth – Due to embedded rental increases and rolling rents to market, the NOI is projected to increase by more than $48,700 (±50%) upon stabilization in Year 5 and over $84,700 (±87%) during the anticipated 10-year hold period
* Affluent Phoenix Suburb – Located within Ahwatukee Foothills, one of the most desirable suburban areas within the Phoenix Market being ranked the #1 Best Neighborhood to Live in Phoenix by Niche.com in 2025. The site serves more than 131,200 residents within a 3-mile radius with an average household income exceeding $126,400
Property Facts
Sale Type
Investment
Property Type
Building Size
5,991 SF
Building Class
B
Year Built
2001
Price
$1,850,000
Price Per SF
$308.80
Cap Rate
5.27%
NOI
$97,495
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.79 AC
Zoning
C-2/PCD, Phoenix
Nearby Major Retailers
Property Taxes
| Parcel Number | 300-97-106 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $172,011 |
Property Taxes
Parcel Number
300-97-106
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$172,011
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Supercuts & Shops | 1304 E Chandler Blvd
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