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2050 W Northern Avenue - El Caro Commercial Center - The Shops at El Caro, Phoenix, AZ

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2050 W Northern Avenue - El Caro Commercial Center - The Shops at El Caro

NEC 21st Ave & Northern Ave
Phoenix, AZ 85021 - N Phoenix/I-17 Corr Ret Submarket

(6.5 MB)

Property Type:Retail Sub Type:- Status:Under Construction, delivers January 2017 Year Built:2017
Building Size:6,142 SF Land Area:.99 AC (43,124 SF)
For Sale Price:$3,823,000 Price/SF:$622.44
Cap Rate:5.50 %



Sale Notes:
CBRE Retail Investment Properties has been retained as the exclusive representative to offer qualified investors the opportunity to purchase The Shops at El Caro (the Property ), a brand new, ±6,142 square foot, multi-tenant retail pad with a drive-thru, located in front of the LA Fitness anchored El Caro Shopping Center on the NEC of Northern Avenue and 21st Avenue in a dense infill location in Phoenix, Arizona. The Property is fully leased to an excellent tenant roster, including: Caribou Coffee & Einstein Bagels (860 locations), Lady Jane' s Haircuts for Men (62 locations) and The Buffalo Spot (9 locations). As a result of the new construction, there will be no tenant rollover for the first ten years with all three tenants executing long-term, 10 year NNN leases with excellent increase structures in-place.

Property website: https://www.cbredealflow.com/handler/landing.aspx?pv=ia_-f_Ii3F49hIKPFT58JYvboXMLfToh-TbStcZHUp9O_d1XnNYf8J8ZwTXecPRrl8QwnuHK3bedsik_HKOCUw

CBRE
Andrew Fosberg
(602) 735-1723

Dylan Brown
(602) 735-1714




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