$11,760,000 USD
858-373-3184
HIGHLIGHTS
- Renowned Tenant - Kohl’s is a nationally recognized department store chain with over 1,100 locations. Kohl's holds a S&P Credit Rating of "BB-".
- Long-Term Income Security - 20+ Year Historical Occupancy and Recent Ten-Year Lease Extension through 2034.
- Nearby Major Employers Located near two major healthcare institutions: the Banner Desert Medical Center and Dignity Health Chandler Regional.
- Attractive Lease with Minimal Landlord Obligations - Landlord obligations limited to roof / structure. Tenant installed a new roof in 2021.
- High- Visibility Location with Robust Traffic - Benefits from strong daily traffic counts exceeding 40,000 vehicles at the intersection.
- High-Density, Affluent Submarket - Located in the desirable Ahwatukee Foothills submarket, with over 140k residents.
OVERVIEW
20+ Year Historical Occupancy | Immediate Access to/from Interstate-10 Freeway | Densely Populated and Affluent Area: $122k+ Average HHI | Within a High-Traffic Retail Corridor Anchored by National Brands | Area Undergoing Strong Residential and Commercial Growth
Arizona Broker of Record: Ryan Sarbinoff | 2398 East Camelback Rd, Ste. 300 Phoenix, AZ 85016 | P: 602-687-6700 | Lic #: BR675146000 | Ryan.Sarbinoff@MarcusMillichap.com
FOR SALE DETAILS
PRICE
$11,760,000 USD
PRICE/SF
$136 USD /SF
CAP RATE
7.25%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
KOHL'S | RECENT LEASE EXTENSION
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Department Store
ADD'L SUBTYPES
Freestanding, Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2003
SPRINKLERS
-
PARKING SPACES
512
LAND DETAILS
LAND ACRES
10.09 AC
LAND SF
439,520 SF
ZONING
C-2
APN/PARCEL ID
307-03-892
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858-373-3184
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858-373-3184
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