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1875 W Happy Valley Road - BMO Harris Bank | 2.15 Acre Lot | S&P A+, Phoenix, AZ

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1875 W Happy Valley Road - BMO Harris Bank | 2.15 Acre Lot | S&P A+

Phoenix, AZ 85085 - Deer Valley Ret Submarket

Property Type:Retail Sub Type:Bank Status:Existing Year Built:2006
Building Size:5,973 SF Land Area:2.15 AC (93,654 SF)
For Sale Price:$2,488,000 Price/SF:$416.54
Cap Rate:5.10 %
Parking:Free Surface spaces are available; Free Covered spaces; Ratio of 1.74/1,000 SF
Features:Drive Thru

Sale Notes:
Located on a hard corner less than two miles north of Deer Valley Airport near Interstate 17, the property features excellent visibility and accessibility. The building is 5,793 square feet with a 28-space parking lot and three drive-thrus. The land is a 2.15 acre lot with a potential development opportunity.

The branch benefits from its location in a retail driven neighborhood. Three major shopping centers: The Shops at Norterra, Walmart Super Center, and Happy Valley Towne Center are within close proximity to this location. National big-box retailers in these shopping centers include: Walmart, Staples, Lowe's, Ross, TJ Maxx, Dick's, Bed Bath & Beyond, BevMo!, Old Navy and Pier 1 imports. These retail hubs generate significant consumer traffic.

The neighborhood boasts more than 136,000 residents within a 5-mile radius from the branch. This same population has an average household income of over $75,000.

A development project adjacent to the branch will consisting of 28 acres of mixed-use (hotel, retail, office, flex, and multi-family). Additionally, the branch is across the street from the Norterra Planned Unit Development (Norterra PUD) which will be developed as 398 acres of a mixed-use development consisting of employment, commercial, hotel, multi-family residential and single family residential uses. These projects will drive a tremendous amount of traffic to the immediate area.

Download attached offering memorandum for additional information. Working in association with Ryan O'Connell, RDO Investments, LC637047000.

Equity Investment Advisors
Rich Lydon
(310) 584-4540

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