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TUFT & NEEDLE - SCOTTSDALE, AZ 2730 N Scottsdale Rd 3,339 SF Retail Building Scottsdale, AZ 85257 $3,098,942 CAD ($928.10 CAD/SF) 6.57% Cap Rate



INVESTMENT HIGHLIGHTS
- TRAFFIC COUNTS: Excellent visibility/access on Scottsdale Rd, the market’s primary north-south corridor, with traffic counts of 39,292 CPD!
- VERY AFFLUENT DEMOGRAPHICS: Total Population (5-mi) of 270,252 with an Average Household Income of $145,858 (3-mi)
- EXCEPTIONAL LOCATION: CLOSE PROXIMITY TO THE MOST PRESTIGIOUS UNIVERSITY IN ARIZONA
EXECUTIVE SUMMARY
Tuft and Needle is in Close proximity from Old Town Scottsdale - a vibrant & unique destination featuring Southwest’s finest museums and art galleries, restaurants and nightclubs, local retail shops, boutique hotels, and performing arts centers; Scottsdale Fashion Square - one of the top indoor malls in the U.S. with key tenants such as Neiman Marcus, Nordstrom, Dior, Dolce & Gabbana, Ferragamo, Versace, Balenciaga, Saint Laurent, Boss, Burberry, Apple, Louis Vuitton, Tiffany & Co., Cartier, Bulgari, and Gucci. Tuft & Needle is in close proximity with Arizona State University. Arizona State University is a public, research-focused university with a wide range of degree programs and consistently ranked as one of the largest universities in the United States. ASU focuses on advancing research, innovation and entrepreneurship, and providing accessible learning opportunities, offering more than430 undergraduate and over 590 graduate programs with 72,994 students enrolled across its campuses (Fall 2024). It is Located one mile north from the Subject Property, this337-bed, full-service acute-care hospital is known for being a leader in trauma, orthopedics, neurosurgery and cardiovascular services. It features a Level I Trauma Center, a Primary Stroke Center, and a Level III Neonatal Intensive Care Unit (NICU).
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,339 SF
Building Class
C
Year Built
2016
Price
$3,098,942 CAD
Price Per SF
$928.10 CAD
Cap Rate
6.57%
NOI
$203,606 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.40 AC
Opportunity Zone
Yes
Zoning
C-3
AMENITIES
- Signage
Walk Score®
Very Walkable (79)
Bike Score®
Very Bikeable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $28,907 CAD | Total Assessment | $151,997 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$28,907 CAD
Improvements Assessment
$0 CAD
Total Assessment
$151,997 CAD
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TUFT & NEEDLE - SCOTTSDALE, AZ | 2730 N Scottsdale Rd
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