6044 S 16th St
Phoenix, AZ 85042
South Mountain
HIGHLIGHTS
- South Mountain Plaza is a grocery-anchored neighborhood center anchored by a recently remodeled Safeway grocer
- 100% leased to a great tenant mix of internet-resistant, service-based retail and restaurant tenants
- Other traffic-drawing retailers in the center include two newly constructed pad tenants Starbucks and Filiberto's Mexican Food
- Compounding rent growth as most tenants have annual rent increases through the initial terms and options periods
- Dense infill Phoenix grocery anchored neighborhood center with nearly 226,000 residents within a 5-mile radius
- Close proximity to significant employment corridors, including downtown Phoenix, Phoenix Sky Harbor and multiple industrial parks
FOR SALE DETAILS
PRICE
$8,277,000 USD
PRICE/SF
$314 USD /SF
CAP RATE
6.65%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
SOUTH MOUNTAIN PLAZA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
363
LAND DETAILS
LAND ACRES
5.5 AC
LAND SF
239,580 SF
ZONING
C-2, Phoenix
APN/PARCEL ID
114-29-095
ASK ABOUT THIS PROPERTY
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602-734-7218
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602-734-7218
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