3178 E Camelback Rd - Bank FOR SALE


Phoenix, AZ 85016- Biltmore
$9,158,000 USD
760-448-2449
3178 E Camelback Rd, Phoenix, AZ for Sale
$9,158,000 USD
Bank - FOR SALE
1/12
null | 4.64% Cap Rate

3178 E Camelback Rd
Phoenix, AZ 85016
Biltmore


HIGHLIGHTS

  • Strong Corporate Lease Guaranty – $3.42 Billion in Total Assets (2024) – $3.03 Billion in Member Deposits (2024) – #1 Forbes Rated Credit Union in AZ
  • A+ Trophy Real Estate Corner Location in Prestigious Camelback Corridor – Phoenix’s Premier Business & Lifestyle District - $209,000 Avg. HHI
  • New 15 Year NNN Ground Lease – Brand New Construction & Complete Remodel – Over $1.2 Million Spent on Improvements
  • Outparcel to Biltmore Plaza – High Volume Safeway Anchored Shopping Center – 1.7 Million Annual Visitors Per Year (source: Placer.ai)

OVERVIEW

Lee & Associates is pleased to present a newly renovated, net lease asset occupied by Arizona Financial Credit Union, strategically located in the prestigious Camelback Corridor of Phoenix, Arizona. This rare trophy asset offers investors a long-term, passive net lease to one of the state’s most prominent financial institutions, with a brand-new 15-year NNN lease. Positioned at the high-visibility, signalized intersection of East Camelback Road and North 32nd Street, the property benefits from over 79,000 vehicles per day across critical north/south and east/west arterials. The site with full interior and exterior renovations, includes modernized drive-thru lanes, parking lot upgrades, and ATM installations—fully funded by the tenant, reflecting a strong long-term commitment to the location. Located within the affluent Camelback Corridor—widely recognized as the “Wall Street of the West”—the property is surrounded by some of the wealthiest ZIP codes in Arizona, including Paradise Valley and Arcadia. The area features a dense and affluent demographic base with average household incomes exceeding $209,000 within one mile, supporting long-term value and stability. The site is an outparcel to the high-traffic, Safeway-anchored Biltmore Plaza Shopping Center, which draws over 1.7 million annual visits, according to Placer.ai. This location benefits from exceptional exposure and visibility within one of Phoenix’s most established business and lifestyle hubs, just 15 minutes from Sky Harbor International Airport.

FOR SALE DETAILS

PRICE

$9,158,000 USD

PRICE/SF

$1,773 USD /SF

CAP RATE

4.64%

% LEASED

-

TENANCY

Single

STATUS

Under Renovation

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arizona Financial Credit Union

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

1.27 AC

LAND SF

55,321 SF

ZONING

C-1

APN/PARCEL ID

164-12-073D

ASK ABOUT THIS PROPERTY

Ryan BennettLee & AssociatesMore Info
760-448-2449

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Ryan BennettLee & AssociatesMore Info
760-448-2449

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