1304 E Chandler Blvd - Retail FOR SALE


Phoenix, AZ 85048- Ahwatukee
$1,850,000 USD
949-725-8563
1304 E Chandler Blvd, Phoenix, AZ for Sale
$1,850,000 USD
Retail - FOR SALE
1/6
null | 5.27% Cap Rate

1304 E Chandler Blvd
Phoenix, AZ 85048
Ahwatukee


HIGHLIGHTS

  • Outparcel Pad to Grocery-Anchored Community Center
  • High Quality Retail Pad Opportunity – Supercuts & Shops is 100% leased to a synergistic mix of local and regional credit tenants
  • Well Below Market Rents – Property-wide, existing rents are on average ±$1.43 PSF (±31% below current market rates)

OVERVIEW

* Outparcel Pad to Grocery-Anchored Community Center – Pad site at the Safeway anchored Foothills Center, a ±53,000 SF neighborhood shopping center located at the signalized intersection of W Chandler Blvd (±16,130 CPD) and Dessert Foothills Pkwy (±11,110 CPD) * High Quality Retail Pad Opportunity – Supercuts & Shops is 100% leased to a synergistic mix of local and regional credit tenants, Supercuts, Gracie Barra Jiu Jitsu, and Yoasis Yogurt * Well Below Market Rents – Property-wide, existing rents are on average ±$1.43 PSF (±31% below current market rates) * Exceptional Income Growth – Due to embedded rental increases and rolling rents to market, the NOI is projected to increase by more than $48,700 (±50%) upon stabilization in Year 5 and over $84,700 (±87%) during the anticipated 10-year hold period * Affluent Phoenix Suburb – Located within Ahwatukee Foothills, one of the most desirable suburban areas within the Phoenix Market being ranked the #1 Best Neighborhood to Live in Phoenix by Niche.com in 2025. The site serves more than 131,200 residents within a 3-mile radius with an average household income exceeding $126,400

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$309 USD /SF

CAP RATE

5.27%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Supercuts & Shops

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

C-2/PCD, Phoenix

APN/PARCEL ID

300-97-106

ASK ABOUT THIS PROPERTY

949-725-8563

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949-725-8563

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