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The Shops at Arizona 3428-3438 W Anthem Way 20,610 SF 94% Leased Retail Building Anthem, AZ 85086 $8,122,323 ($394.10/SF) 6.50% Cap Rate
Investment Highlights
- Multi-Tenant Net Leased Investment For Sale
- Excellent walkability - Ace Hardware Shadow Anchored Building
- Below Market Rents
- NOI: $517,157
- Recent Roof and Parking Lot Work Completed
Executive Summary
Multi-Tenant Net Lease Investment for sale. This Ace Hardware shadow anchored center contains 12 tenants. Excellent diversified uses and several value add opportunities. With an annual rent/NOI of $527,951. Landlord has recently completed parking lot renovations. Landlord had the roof done in 2024. Excellent increases (3%) for most tenants. Average lease rate is ±$25 psf with several below market rental rates. Lease terms vary for all Tenants. The Bearded Barber tenant has a huge Speak Easy located behind the barbershop (through the closet). 1 current vacancy of 1,307 sf. NOI includes a new to be executed lease to an electric vehicle charging company.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
20,610 SF
Building Class
B
Year Built
2004
Price
$8,122,323
Price Per SF
$394.10
Cap Rate
6.50%
NOI
$527,951
Percent Leased
94%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.07
Lot Size
6.68 AC
Zoning
C-2 - Property was built in 2004 in Anthem AZ. Property zoned C-2 Commercial
Parking
210 Spaces (5.88 Spaces per 1,000 SF Leased)
Frontage
580’ on W Anthem Way
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 1,307 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,307 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 1,307 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Nearby Major Retailers
Property Taxes
| Parcel Number | 203-04-533 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $188,283 |
Property Taxes
Parcel Number
203-04-533
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$188,283
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The Shops at Arizona | 3428-3438 W Anthem Way
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