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4221 - 4231 S Central Avenue - Rancho Grande Center - Rancho Grande Center, Phoenix, AZ

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4221 - 4231 S Central Avenue - Rancho Grande Center - Rancho Grande Center

NEC of Central Ave & Broadway Road
Phoenix, AZ 85040-1023 - South Phoenix Ret Submarket


Property Type:Retail Sub Type:Supermarket Status:Existing Year Built:1955
Building Size:24,663 SF Land Area:2.28 AC (99,230 SF)
For Sale Price:$2,797,000 Price/SF:$113.41
Cap Rate:7.50 %
Parking:Free Surface spaces are available; Ratio of 4.58/1,000 SF



Sale Notes:
Rancho Grande Plaza | Grocery Anchored | 100% Lsd

SRS is pleased to present the rare opportunity to acquire Rancho Grande Plaza, a
neighborhood strip center located in Phoenix, AZ. Rancho Grande Plaza is a 24,663 SF
development, which is currently 100% occupied. The property is anchored by long-term
tenant, El Rancho Grande Supermarket, which has occupied this location since 1996.
In addition, they recently executed a brand new 10 year lease with 1 (5-Year) option
demonstrating their commitment to the site. All tenants are on NNN leases, limiting
expense leakage for future investors.

The subject site is located near the signalized, hard corner intersection of S. Central
Avenue and E. Broadway Road (42,300 combined vehicles per day). It is also located
1.5 miles South of Interstate 17 (124,300 vehicles per day) ensuring ease of access and
great traffic flow to the subject property. Furthermore, the subject property benefits from
strong demographics in the trade area, including an average household income of nearly
$52,000 in a 5-mile radius. There are over 228,000 permanent residents and 244,000
daytime employees within a 50 mile radius of the subject property.

SRS National Net Lease Group
John Redfield
(949) 698-1113

Christopher W Tramontano
(949) 698-1112

  
SRS Real Estate Partners
Brian D Polachek
(602) 682-6000




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