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3401 W Greenway Road - Greenway Village Square - Hobby Town USA, Phoenix, AZ

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3401 W Greenway Road - Greenway Village Square - Hobby Town USA

SEC of 35th Ave & Greenway Rd
Phoenix, AZ 85053 - N Phoenix/I-17 Corr Ret Submarket

(5.3 MB)

Property Type:Retail Sub Type:Freestanding Status:Existing , Renov 2014 Year Built:1973
Building Size:94,500 SF Land Area:5.9 AC (257,004 SF)
For Sale Price:$4,015,000 Price/SF:$42.49
Cap Rate:8.00 %
Parking:316 Surface spaces are available; Ratio of 3.34/1,000 SF

Within one mile of I-17 in northwest Phoenix. Population within three miles is over 150,000. New Fresh N Easy market under construction at the NEC Greenway Road & 35th Avenue.

Sale Notes:
HobbyTown has been serving loyal customers for over30 years and has over 160 stores nationwide Excellent 5% rent increases
every 2 years through the primary term
Ability to add two pads creates a
value-add opportunity for an nvestor
Low price per square foot,
significantly below replacements cost
HobbyTown caters to family and entertainment and is the leader in the
retail hobby and specialty toy industry
Significant interior investment made by the tenant
Building has been
continuously operating and leased for over 40 years

Phoenix Commercial Advisors
Chad Tiedeman
(602) 288-3472

John Schweikert
(602) 734-7218

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