11345 W Buckeye Rd - Storefront FOR SALE


Avondale, AZ 85323- Avondale Gateway
$15,000,000 USD
602-770-3245
11345 W Buckeye Rd, Avondale, AZ for Sale
$15,000,000 USD
Storefront - FOR SALE
1/8
null | 6.38% Cap Rate

11345 W Buckeye Rd
Avondale, AZ 85323
Avondale Gateway


HIGHLIGHTS

  • Shadow Anchored by the #2 Fry's Shopping Center in Arizona
  • High-Energy Shopping Center with 23 Tenants
  • Recent Renewals at 30% Increases
  • High Traffic Intersection with New Housing Growth

OVERVIEW

Newmark Retail Capital Markets is pleased to present the opportunity to acquire Avondale Fiesta Shopping Center, a 100% leased strip retail center. This 34,129 square foot Fry’s shadow-anchored center is home to twenty-three tenants in Avondale, Arizona. Avondale Fiesta is less than two miles south of the I-10 freeway, connecting the property to Downtown Phoenix. With frontage on both Buckeye Road and Avondale Road, the property is exposed to over 56,000 vehicles on a daily basis. This shopping center is adjacent to dense residential neighborhoods on a dominant retail-oriented intersection with tenants including Walgreens, Savers, and Circle K. Avondale Fiesta is situated 10 minutes from Arizona Cardinals’ State Farm Stadium and 30 minutes from Phoenix Sky Harbor International Airport. This fully leased center offers an investor the rare opportunity to acquire a stable asset in a growing part of Avondale, Arizona.

FOR SALE DETAILS

PRICE

$15,000,000 USD

PRICE/SF

$853 USD /SF

CAP RATE

6.38%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.57 AC

LAND SF

68,389 SF

ZONING

PAD

APN/PARCEL ID

101-20-742,101-20-744

ASK ABOUT THIS PROPERTY

Steve JuliusNewmark, Inc.More Info
602-770-3245

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

Steve JuliusNewmark, Inc.More Info
602-770-3245

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