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1821 W Baseline Road, Guadalupe, AZ

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1821 W Baseline Road

Guadalupe, AZ 85283-1050 - Tempe Ret Submarket

(5.3 MB)

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1993
Building Size:5,489 SF Land Area:.92 AC (40,075 SF)
For Sale Price:$4,480,000 Price/SF:$816.18
Cap Rate:6.46 %
Parking:30 Surface spaces are available; Ratio of 5.47/1,000 SF
Features:Freeway Visibility, Signage

Property Description: Convenience Store

Sale Notes:
The property features two retail tenants (Title Max and a medical marijuana dispensary) as well as a Clear Channel Billboard and a Verizon Cell Tower with fantastic freeway visibility to property and signage. The property is well-maintained with the roof being recently replaced. The I-10 Freeway heads a traffic count of over 200,000 cars per day, while Baseline enjoys over 50,000 cars per day. On top of this all leases feature annual increases. Suffice to say, this is an exceptional investment property.

Located adjacent to I-10 Freeway, at the intersection of the I-10 Freeway offramp and Baseline Rd. on the Guadalupe/Tempe border. It is directly across from the Arizona Mills Mall (one of Arizona' s largest shopping malls) and area attractions include Harkins Theaters/ IMAX, Rainforest Café, GameWorks, Joe' s Crab Shack, Claim Jumper, Neiman Marcus, and the newly opened Legoland Discovery Center. The Arizona Mills Mall also boast more than fifteen anchor tenants and many more national retailers, eateries, and entertainment. Popular nearby destinations include Tempe Diablo Stadium (Los Angeles Angels spring training facility) and Arizona State University. Phoenix International Airport and Downtown are less than 20 minutes away.

Investment Real Estate Associates
Chris Thompson
(310) 328-5208 x102

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