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JCPenney 5050 E Ray Rd 104,880 SF Retail Building Phoenix, AZ 85044 For Sale
Investment Highlights
- Located in the Ahwatukee submarket of Phoenix, AZ.
- In-Fill Location with High Barriers to Entry.
- The JC Penney’s box is strategically located on the hard corner of the Interstate 10 and Ray Road with nearly 230,000 cars per day.
- Over 12m annual visits to Foothills Park Place and Ahwatukee Foothills Towne Center power centers at the intersection.
- The subject property is located in an in-fill location of the Ahwatukee submarket of the Greater Phoenix Metropolitain area.
- Average Household Incomes in a Three-Mile Radius are over $133,000.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Department Store
Building Size
104,880 SF
Building Class
B
Year Built/Renovated
1990/2004
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.28
Lot Size
8.66 AC
Zoning
C-C - 1430 - Community Shop Ctr Open Air
Parking
422 Spaces (4.02 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 301-59-471 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,402,930 |
Property Taxes
Parcel Number
301-59-471
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,402,930
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JCPenney | 5050 E Ray Rd
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