28255 N Tatum Blvd
Cave Creek, AZ 85331
Retail Property For Sale

The Shops at Cave Creek is a 100% occupied multi-tenant strip center located in the Tatum Ranch area of Cave Creek (Phoenix), Arizona. Cave Creek is home to famous golf courses, world class equestrian facilities, and high class dining. Although the property has a Cave Creek address, it is technically part of the City of Phoenix. Just to the south is the Desert Ridge area of Phoenix and the North Loop 101 Freeway. Nearby to the East is the City of Scottsdale border. The strip center consists of 8,725 square feet and was constructed in 2006/2007. Located along one of the busiest North/South thoroughfares in Phoenix, the center has benefited from strong demographics in the immediate area and currently has no vacancy. The subject property consists of seven tenants who all have NNN lease structures. Tenants include Fatburger, Smallcakes, Goodwill Donation Xpress, Allstate Insurance, Summit Chiropractic, Mugsy’s Barber Shop, and Whole Life Dentistry. Rents in the subject property are below average rates for the surrounding area, thus providing further upside with rental increases. Adjacent to the property (but not included) is BMO Harris Bank and a neighboring strip center which contains Leslie’s Pools and Rosatti’s Pizza, among others.