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2730 N Scottsdale Rd
Scottsdale, AZ 85257
TUFT & NEEDLE - SCOTTSDALE, AZ · Retail Property For Sale


Investment Highlights
- TRAFFIC COUNTS: Excellent visibility/access on Scottsdale Rd, the market’s primary north-south corridor, with traffic counts of 39,292 CPD!
- VERY AFFLUENT DEMOGRAPHICS: Total Population (5-mi) of 270,252 with an Average Household Income of $145,858 (3-mi)
- EXCEPTIONAL LOCATION: CLOSE PROXIMITY TO THE MOST PRESTIGIOUS UNIVERSITY IN ARIZONA
Executive Summary
Tuft and Needle is in Close proximity from Old Town Scottsdale - a vibrant & unique destination featuring Southwest’s finest museums and art galleries, restaurants and nightclubs, local retail shops, boutique hotels, and performing arts centers; Scottsdale Fashion Square - one of the top indoor malls in the U.S. with key tenants such as Neiman Marcus, Nordstrom, Dior, Dolce & Gabbana, Ferragamo, Versace, Balenciaga, Saint Laurent, Boss, Burberry, Apple, Louis Vuitton, Tiffany & Co., Cartier, Bulgari, and Gucci. Tuft & Needle is in close proximity with Arizona State University. Arizona State University is a public, research-focused university with a wide range of degree programs and consistently ranked as one of the largest universities in the United States. ASU focuses on advancing research, innovation and entrepreneurship, and providing accessible learning opportunities, offering more than430 undergraduate and over 590 graduate programs with 72,994 students enrolled across its campuses (Fall 2024). It is Located one mile north from the Subject Property, this337-bed, full-service acute-care hospital is known for being a leader in trauma, orthopedics, neurosurgery and cardiovascular services. It features a Level I Trauma Center, a Primary Stroke Center, and a Level III Neonatal Intensive Care Unit (NICU).
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,339 SF
Building Class
C
Year Built
2016
Price
$2,220,000
Price Per SF
$664.87
Cap Rate
6.57%
NOI
$145,858
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.40 AC
Opportunity Zone
Yes
Zoning
C-3
Amenities
- Signage
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $20,634 | Total Assessment | $108,496 |
Property Taxes
Parcel Numbers
Land Assessment
$20,634
Improvements Assessment
$0
Total Assessment
$108,496
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