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11345 W Buckeye Rd 17,580 SF 100% Leased Retail Building Avondale, AZ 85323 $20,938,801 CAD ($1,191.06 CAD/SF) 6.38% Cap Rate
INVESTMENT HIGHLIGHTS
- Shadow Anchored by the #2 Fry's Shopping Center in Arizona
- Recent Renewals at 30% Increases
- High-Energy Shopping Center with 23 Tenants
- High Traffic Intersection with New Housing Growth
EXECUTIVE SUMMARY
Newmark Retail Capital Markets is pleased to present the opportunity to acquire Avondale Fiesta Shopping Center, a 100% leased strip retail center. This 34,129 square foot Fry’s shadow-anchored center is home to twenty-three tenants in Avondale, Arizona. Avondale Fiesta is less than two miles south of the I-10 freeway, connecting the property to Downtown Phoenix. With frontage on both Buckeye Road and Avondale Road, the property is exposed to over 56,000 vehicles on a daily basis. This shopping center is adjacent to dense residential neighborhoods on a dominant retail-oriented intersection with tenants including Walgreens, Savers, and Circle K. Avondale Fiesta is situated 10 minutes from Arizona Cardinals’ State Farm Stadium and 30 minutes from Phoenix Sky Harbor International Airport. This fully leased center offers an investor the rare opportunity to acquire a stable asset in a growing part of Avondale, Arizona.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
17,580 SF
Building Class
B
Year Built
2004
Price
$20,938,801 CAD
Price Per SF
$1,191.06 CAD
Cap Rate
6.38%
NOI
$1,335,143 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
1.57 AC
Zoning
PAD
Parking
100 Spaces (6.3 Spaces per 1,000 SF Leased)
Frontage
274’ on W Buckeye Rd
AMENITIES
- Pylon Sign
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $827,549 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$827,549 CAD
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11345 W Buckeye Rd
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