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The Shops at Bell & 3rd 320 W Bell Rd 7,700 SF 100% Leased Retail Building Phoenix, AZ 85023 $7,428,577 CAD ($964.75 CAD/SF) 5.75% Cap Rate
Investment Highlights
- 100% leased, 4-tenant retail strip totaling 7,700 SF.
- Favorable lease structure featuring a mix of expirations including long-term tenancy
- Excellent visibility and access with Bell Road frontage.
- Strong national and growing tenancy including Black Rock Coffee, Athletico, the Buffalo Spot and The Taco Spot
- Located directly in front of the highest-visited WinCo Foods in Arizona, creating a strong daily traffic draw
Executive Summary
100% leased, 4-tenant retail strip totaling 7,700 SF.
Strong national and growing tenancy including Black Rock Coffee, Athletico, the Buffalo Spot and The Taco Spot, which benefit from the property’s
prime visibility along Bell Road.
Favorable lease structure featuring a mix of expirations including long-term tenancy, enhancing income stability and reducing near-term rollover risk in this multi-tenant
shopping center.
Built-in rent growth across all leases, supporting predictable NOI appreciation and long-term cash flow growth in Phoenix’s expanding economy and high-demand retail corridor.
Drive-thru component (Black Rock) adds a convenience-driven traffic generator that most strip centers lack.
Located directly in front of the highest-visited WinCo Foods in Arizona, creating a strong daily traffic draw.
Broker (Western Retail Advisor’s, LLC) hereby discloses that Broker and/or Broker’s affiliates or constituent partners or members are licensed real estate salespersons in the state of Arizona and have an ownership interest in the property.
Strong national and growing tenancy including Black Rock Coffee, Athletico, the Buffalo Spot and The Taco Spot, which benefit from the property’s
prime visibility along Bell Road.
Favorable lease structure featuring a mix of expirations including long-term tenancy, enhancing income stability and reducing near-term rollover risk in this multi-tenant
shopping center.
Built-in rent growth across all leases, supporting predictable NOI appreciation and long-term cash flow growth in Phoenix’s expanding economy and high-demand retail corridor.
Drive-thru component (Black Rock) adds a convenience-driven traffic generator that most strip centers lack.
Located directly in front of the highest-visited WinCo Foods in Arizona, creating a strong daily traffic draw.
Broker (Western Retail Advisor’s, LLC) hereby discloses that Broker and/or Broker’s affiliates or constituent partners or members are licensed real estate salespersons in the state of Arizona and have an ownership interest in the property.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,700 SF
Building Class
B
Year Built
2021
Price
$7,428,577 CAD
Price Per SF
$964.75 CAD
Cap Rate
5.75%
NOI
$427,143 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
1.12 AC
Zoning
C2
Frontage
145’ on Bell Rd
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Athletico Physical Therapy began in 1991 when Mark Kaufman opened his first clinic in Chicago. The company has since grown into a major provider of orthopedic rehabilitation services. Athletico offers physical therapy, occupational therapy, and specialty services like hand therapy and concussion management. They also provide athletic training for various organizations and workers' compensation services. Athletico partners with numerous high schools, colleges, and professional sports teams across multiple states.
- The Taco Spot
- Accommodation and Food Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| The Taco Spot | Accommodation and Food Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 208-10-380 | Improvements Assessment | $0 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Total Assessment | $209,799 CAD (2025) |
Property Taxes
Parcel Number
208-10-380
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$209,799 CAD (2025)
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The Shops at Bell & 3rd | 320 W Bell Rd
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