10105 W McDowell Rd - Freestanding FOR SALE


Avondale, AZ 85392
$9,025,000 USD
949-221-1821
10105 W McDowell Rd, Avondale, AZ for Sale
$9,025,000 USD
Freestanding - FOR SALE
1/7
null | 5.5% Cap Rate

10105 W McDowell Rd
Avondale, AZ 85392


HIGHLIGHTS

  • Boot Barn (NYSE: BOOT) – $5.1B retailer with 475+ stores, $1.9B revenue, and 65–70 new locations planned for FY2026
  • #1 Boot Barn in Arizona (Placer.ai) – Tenant signed a 10-year lease extension with a 7,500 SF expansion following strong store performance
  • OX Korean BBQ owner also runs a top-performing Chinese buffet next door
  • 100% occupied cntr w/ 4.5M+ annual visitors, top national retailers, and direct proximity to the 1M SF Gateway Pavilions by Costco and Harkins Theatre
  • High-Growth Trade Area – 15,000+ new housing units under development in Avondale, expanding the consumer base and driving retail demand.
  • Adjacent to the I-10 on-ramp (200K+ VPD) with strong frontage along I-10 and McDowell Rd (80K+ VPD), offering exceptional exposure and accessibility.

OVERVIEW

ARIZONA BROKER OF RECORD.... PRESCOTT COMMERCIAL - Matthew Fish ... License No. BR626105000 Faris Lee Investments is pleased to present the unique opportunity to acquire a two-tenant retail property located in the thriving Phoenix community of Avondale, Arizona. The asset is 100% occupied by Boot Barn, a national credit tenant, and OX Korean BBQ, on a triple net (NNN) lease, providing for ease of management and minimal landlord responsibilities. This offering represents a secure investment with strong, in-place cash flow from two tenants in a premier retail destination. The property features a strong tenant lineup, led by Boot Barn, a publicly traded company (NYSE: BOOT). Boot Barn recently demonstrated its long-term commitment to this highly successful site by executing a 10-year lease extension and expanding its footprint by over 7,500 SF. This location’s proven success is evidenced by its ranking as the #1 most visited Boot Barn in Arizona as well ranking in the top 97% in the US per Placer. ai data. The investment offers a growing income stream and a hedge against inflation, with scheduled 10% rental increases from both tenants during their respective lease terms. The subject property is ideally situated within Gateway Crossing (with annual visitor count over 4.5 Million), a dominant community shopping center that has historically maintained 100% occupancy with a roster of top-performing national retailers including Hobby Lobby, Best Buy, Old Navy, and Raising Cane’s. The site benefits from its location directly across from the 1 million-square-foot Gateway Pavilions regional center, anchored by Costco, Ross, Marshalls, and Harkins Theaters. Per Placer.ai, this premier center draws over 5.4 million annual visitors and ranks in the 99th percentile for community shopping centers nationwide (#10 of 7,209) and in Arizona (#2 of 168), providing exceptional daily-needs traffic to the area. The property’s strategic location boasts high visibility and convenient access, with positioning adjacent to the on-ramp for the I-10 Freeway (216,000 VPD) and significant frontage on W McDowell Rd with over (80,000 VPD) at the intersection of N 99th Avenue and McDowell Rd. The immediate trade area is exceptionally dense, with a population of 338,600 people and an average household income of $93,120 within five miles. This market is poised for continued growth, with a strong development pipeline of over 15,000 new housing units under construction, ensuring an expanding consumer base. The combination of a committed national credit tenant, a prime location in a major retail corridor, and a high-growth market makes this an exceptional investment opportunity.

FOR SALE DETAILS

PRICE

$9,025,000 USD

PRICE/SF

$361 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Boot Barn | GATEWAY CROSSING

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

14.15 AC

LAND SF

616,243 SF

ZONING

PAD

APN/PARCEL ID

102-54-072

ASK ABOUT THIS PROPERTY

Donald MacLellanFaris Lee InvestmentsMore Info
949-221-1821

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Donald MacLellanFaris Lee InvestmentsMore Info
949-221-1821

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.