Log In/Sign Up
Your email has been sent.
Union Street Shops at Norterra E/NEC Norterra Pkwy & Happy Valley rd 10,437 SF 100% Leased Retail Building Phoenix, AZ 85085 $9,930,000 ($951.42/SF) 5.75% Cap Rate

Investment Highlights
- New construction with long-term leases to tenants with established presence in the market: CAVA, Shake Shack, First Watch and Tropical Smoothie Cafe
- Multi-tenant retail component of new mixed-use lifestyle development Union Street at Norterra
- Strong scheduled rental escalations throughout the initial lease terms and option periods
- 100% occupied retail building with four complementary tenants
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
10,437 SF
Year Built
2026
Price
$9,930,000
Price Per SF
$951.42
Cap Rate
5.75%
NOI
$570,951
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
2.07 AC
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- CAVA
- Retailer
-
99,999 SF
- -
- -
- First Watch
- Retailer
-
99,999 SF
- -
- -
- Shake Shack
- Retailer
-
99,999 SF
- -
- -
- Tropical Smoothie Cafe
- Retailer
-
99,999 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| CAVA | Retailer | 99,999 SF | - | - | ||
| First Watch | Retailer | 99,999 SF | - | - | ||
| Shake Shack | Retailer | 99,999 SF | - | - | ||
| Tropical Smoothie Cafe | Retailer | 99,999 SF | - | - |
Nearby Major Retailers
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Union Street Shops at Norterra | E/NEC Norterra Pkwy & Happy Valley rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.
