The Block At Pima Center Retail FOR SALE


Scottsdale, AZ
$27,284,221 USD
602-400-5084
, Scottsdale, AZ for Sale
$27,284,221 USD
Retail - FOR SALE
1/3
null | 6.05% Cap Rate

The Block At Pima Center
Scottsdale, AZ


HIGHLIGHTS

  • Fully occupied, high-performing asset
  • Strong credit tenancy and national brands
  • Located in Scottsdale's premier entertainment district
  • Outstanding visibility and access
  • Long-term ground lease on Tribal Land
  • Exceptional demographics and employment base

OVERVIEW

The Block at Pima Center represents a high-performing retail asset strategically located within Scottsdale’s premier entertainment and hospitality corridor. This ±37,958-square-foot, 94% occupied multi-tenant shopping center is anchored by Starbucks, Jersey Mike’s Subs, Dickey’s Barbecue Pit, and Spinat’s, complemented by a curated mix of local and regional operators. The property sits on a Salt River Pima-Maricopa Indian Community ground lease with 55 years remaining, offering a long-term foundation for ownership stability. Positioned along Loop 101 with more than 167,000 vehicles per day, The Block benefits from superior frontage, exceptional accessibility, and connectivity to Scottsdale's leisure destinations, executive housing, and corporate offices. With an NOI of $1,650,695 and a 6.05% cap rate, investors will find this acquisition an opportunity for durable cash flow backed by strong credit tenancy. Businesses at the center capitalize on robust demographics, including 58,000 employees and average household incomes above $165,000 within three miles. This offering solidifies dependable retail performance in one of Arizona’s most desirable trade areas.

ASK ABOUT THIS PROPERTY

John JacksonDiversified Partners, LLCMore Info
602-400-5084

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John JacksonDiversified Partners, LLCMore Info
602-400-5084

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