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2839 W Bell Road - Frys Marketplace - BMO Harris Bank, Phoenix, AZ

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2839 W Bell Road - Frys Marketplace - BMO Harris Bank

Phoenix, AZ 85053-3056 - N Phoenix/I-17 Corr Ret Submarket

Property Type:Retail Sub Type:Bank Status:Existing Year Built:1980
Building Size:3,951 SF Land Area:.79 AC (34,412 SF)
For Sale Price:$2,949,000 Price/SF:$746.39
Cap Rate:5.00 %
Parking:Free Surface spaces are available; Ratio of 6.41/1,000 SF

Sale Notes:
Equity Investment Advisors is pleased to offer for sale a 10-year absolute NNN leased investment with 2% annual rental increases. The property is leased to BMO Harris Bank N.A. ( BMO ), the United States operating arm and subsidiary of the Bank of Montreal ( BMO Financial Group ), a diversified financial services provider with total assets of over $525 billion.

Substantial traffic of over 63,000 vehicles per day highlights the outstanding location of the property. The building boasts immediate access to Interstate 17, which offers a direct route to downtown Phoenix. The hard corner location at West Bell Road and North 29th Avenue provides excellent visibility and the property provides ample parking with 26 spaces.

The site is an outparcel to Fry' s Marketplace and benefits from a prime commercial corridor location created by the interchange of Bell Road and Interstate 17. Significant consumer traffic is generated by both Fry' s and Super Saver Cinemas 8, located in the Bell Canyon Pavilions Plaza across the street, as well as surrounding office buildings.

The neighboring residential communities are densely populated, offering a robust customer based. Nearly 15,000 residents, with an average household income exceeding $61,000 live within one mile of the property.

Equity Investment Advisors
Rich Lydon
(310) 584-4540

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