4323 W Cactus Rd - Freestanding FOR SALE
Glendale, AZ 85304 |
$4,800,000 USD
480-244-3671
4323 W Cactus Rd
Glendale, AZ 85304
HIGHLIGHTS
- Incredibly dense NW Phoenix location with 162,012 residents in a 3 mile radius
- Highly trafficked intersection with more than 68,000 vehicles per day
- Sustainable rents with upside that average $15.65 NNN per sq. ft. Competing shopping centers at the intersection range from rents of $20-25 NNN
- Below average price per foot of $187 (Metro Phoenix shopping center average is $322)
- All tenants on NNN leases
- Several national co-tenants at the intersection including Fry’s (Kroger), Walgreens, Planet Fitness, Autozone, & more
OVERVIEW
Cactus Plaza is a strip retail center located on the southwest corner of Cactus Rd and 43rd Ave with Circle K. The center is just two miles west of the I-17 Freeway. Cactus Plaza is home to a variety of tenant types including restaurants, beauty, office-related services, and more. Less than a mile from ASU West Campus, the asset benefits from a variety of local visitors and is within thirty minutes of Phoenix Sky Harbor Airport and Downtown Phoenix.
ProForma NOI: $400,634
Proforma Cap Rate: 8.35%
FOR SALE DETAILS
PRICE
$4,800,000 USD
PRICE/SF
$187 USD /SF
CAP RATE
6.65%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Cactus Plaza
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1985
SPRINKLERS
-
PARKING SPACES
120
LAND DETAILS
LAND ACRES
2.48 AC
LAND SF
108,029 SF
ZONING
C-1, Phoenix
APN/PARCEL ID
148-01-001J
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480-244-3671
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480-244-3671
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