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1501 E Apache Blvd
Tempe, AZ 85281
Retail Property For Sale
Investment Highlights
- 100% NNN leased to Amazon Prime Now, providing immediate and reliable income.
- Positioned near Arizona State University and a Valley Metro Light Rail stop for strong connectivity.
- Surrounded by dense residential neighborhoods and major commercial corridors.
- Located within a federally designated Opportunity Zone with potential tax incentives.
- ±4,950 SF freestanding building with masonry construction and flexible layout.
- Situated in a high-traffic area with excellent visibility and long-term growth potential.
Executive Summary
This offering presents an opportunity to acquire a fully stabilized retail asset in the heart of Tempe, Arizona. The property, located at 1501 E Apache Boulevard, is 100% NNN leased to Amazon Prime Now, a globally recognized tenant delivering consistent and reliable income from day one. With a sale price of $2,500,000 and a cap rate of 5.38%, the investment provides a strong return backed by a creditworthy tenant.
Built in 2005, the ±4,950 SF building sits within a federally designated Opportunity Zone, offering potential tax advantages for long-term investors. The site is strategically positioned just a half-block from a Valley Metro Light Rail stop and near Arizona State University, ensuring excellent accessibility and visibility in a high-traffic corridor. The surrounding area benefits from robust demographics, including a dense employment base and strong consumer spending, driven by the university and nearby business districts.
This asset combines secure cash flow, a premier location, and the stability of a nationally recognized tenant, making it an attractive addition to any investment portfolio.
Built in 2005, the ±4,950 SF building sits within a federally designated Opportunity Zone, offering potential tax advantages for long-term investors. The site is strategically positioned just a half-block from a Valley Metro Light Rail stop and near Arizona State University, ensuring excellent accessibility and visibility in a high-traffic corridor. The surrounding area benefits from robust demographics, including a dense employment base and strong consumer spending, driven by the university and nearby business districts.
This asset combines secure cash flow, a premier location, and the stability of a nationally recognized tenant, making it an attractive addition to any investment portfolio.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
4,950 SF
Building Class
B
Year Built
2005
Price
$3,410,600 CAD
Price Per SF
$689.01 CAD
Cap Rate
5.38%
NOI
$183,490 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
0.39 AC
Opportunity Zone
Yes
Zoning
CSS - Commercial
Frontage
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 133-07-010B | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $145,251 CAD |
Property Taxes
Parcel Number
133-07-010B
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$145,251 CAD
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