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Edison Pointe Shops 44360 W Edison Rd 22,900 SF 100% Leased Retail Building Maricopa, AZ 85138 $13,531,531 CAD ($590.90 CAD/SF) 6.40% Cap Rate
Investment Highlights
- Edison Pointe is part of a thriving retail center anchored by the number 1 Fry's Marketplace in Arizona by traffic volume
- Compounding rent growth with many of the majority of tenants having annual rent increases through primary terms and option periods
- 100% leased to cohesive roster of internet resistant, service-oriented tenants, including Petco, Nekter Juice Bar, GNC, and My Dr Now
- Excellent retail synergy in the shopping center with retailers including Fry's Marketplace, Ross, Planet Fitness, Goodwill, and Dollar Tree
Executive Summary
Edison Pointe is part of a thriving retail center anchored by the number 1 Fry's Marketplace in Arizona by traffic volume
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
22,900 SF
Building Class
B
Year Built
2023
Price
$13,531,531 CAD
Price Per SF
$590.90 CAD
Cap Rate
6.40%
NOI
$866,038 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
2.89 AC
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 512-04-917 | Improvements Assessment | $375,308 CAD |
| Land Assessment | $744,976 CAD | Total Assessment | $1,120,284 CAD |
Property Taxes
Parcel Number
512-04-917
Land Assessment
$744,976 CAD
Improvements Assessment
$375,308 CAD
Total Assessment
$1,120,284 CAD
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Edison Pointe Shops | 44360 W Edison Rd
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