10105 W McDowell Rd - Freestanding FOR SALE


Avondale, AZ 85392
$7,806,000 USD
602-932-5916
10105 W McDowell Rd, Avondale, AZ for Sale
$7,806,000 USD
Freestanding - FOR SALE
1/13
null | 6.3% Cap Rate

10105 W McDowell Rd
Avondale, AZ 85392


HIGHLIGHTS

  • 100% occupied, two-tenant NNN retail asset leased to Boot Barn and OX Korean BBQ
  • Boot Barn ranked 82nd percentile in AZ and 84th percentile nationally — top performer
  • Both leases feature 10% rental escalations providing a hedge against inflation
  • OX Korean BBQ backed by a $15M LLC Guarantee from experienced restaurant group
  • Exceptional I-10 freeway visibility with exposure to 216,000+ vehicles per day
  • Class A building built in 2017 within one of Avondale's premier retail corridors

OVERVIEW

100% Occupied Two-Tenant Retail Asset Anchored By A Publicly Traded Retailer: • ±24,500 SF retail property leased to Boot Barn (NYSE: BOOT) and OX Korean BBQ. • Fee Simple Ownership on ±1.48 acres. • Class A building built in 2017 and strategically positioned within one of Avondale’s premier retail corridors. Top Performing Tenant And Strong Operator: • This Boot Barn is top ranked in both the State, and the Country with rankings of 82nd percentile in Arizona and 84th Percentile in the Country. • Boot Barn executed a 10-year lease extension after expanding its footprint by more than 7,500 SF. • Boot Barn is a publicly traded tenant with over 500 locations nationwide. • OX Korean BBQ is operated by an experienced restaurant group with multiple successful concepts throughout the Phoenix MSA. Additionally, the Tenant has a $15M LLC Guarantee. • The Operator has two other nearby concepts, including the “Number 1 Buffett” next door with sales over $15M annually. • OX Korean BBQ benefits from the experienced regional operator, proven restaurant group, and demonstrates success within the trade area. David Harrington License # BR715518000, CO701910000 (AZ) Matthews Real Estate Investment Services, Inc 4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251 (866) 889-0550

FOR SALE DETAILS

PRICE

$7,806,000 USD

PRICE/SF

$319 USD /SF

CAP RATE

6.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gateway Crossing

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

14.15 AC

LAND SF

616,374 SF

ZONING

PAD

APN/PARCEL ID

102-54-071

ASK ABOUT THIS PROPERTY

Joshua JenkinsMatthews Real Estate Investment ServicesMore Info
602-932-5916

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Joshua JenkinsMatthews Real Estate Investment ServicesMore Info
602-932-5916

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