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Trophy At Home in Scottsdale,AZ 15255 N Northsight Blvd

130,333 SF Retail Building Scottsdale, AZ 85260 $16,597,805 ($127/SF) 6.50% Cap Rate

Investment Highlights

  • Absolute NNN lease – zero landlord responsibilities
  • 2% annual increases
  • More than 250 locations in 40 states with 70 million visits a year
  • ±13 years remaining on primary term
  • Affluent area with high average household incomes of $170,251 in a 5 mile radius
  • Located within the most sought out retail corridor of North Scottsdale

Executive Summary

INVESTMENT HIGHLIGHTS
• Absolute NNN lease – zero landlord responsibilities
• ±13 years remaining on primary term
• 2% annual increases
TENANT HIGHLIGHTS
• More than 250 locations in 40 states with 70 million visits a year
• At Home was acquired in 2021 by Hellman & Friedman, a private equity firm with over $80 billion in assets under management and committed capital
• At Home’s revenue when they were acquired in 2021 was $1.737B
• Over 45 years in the business
LOCATION HIGHLIGHTS
• Located within the most sought out retail corridor of North Scottsdale
• Adjacent to Walmart Supercenter, Costco, Best Buy, Target and many more national credit tenants
• Densely populated trade area surrounded by retail, office, and business parks (±167,013 residents in a 5 mile radius)
• Affluent area with high average household incomes of $170,251 in a 5 mile radius

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
130,333 SF
Building Class
B
Year Built
2000
Price
$16,597,805
Price Per SF
$127
Cap Rate
6.50%
NOI
$1,078,857
Tenancy
Single
Building Height
1 Story
Loading Docks
6 Exterior
Building FAR
0.23
Land Acres
13.16 AC
Zoning
C-R - Commercial
Parking
390 Spaces (3 Spaces per 1,000 SF Leased)
Frontage
508 FT on 87th St

Amenities

  • Dedicated Turn Lane
  • Freeway Visibility
  • Signage

Nearby Major Retailers

Bank of America
The Simple Greek
Teriyaki Madness
Starbucks
Filiberto's Mexican Food
First Citizens Bank
EoS Fitness
Jenny Craig
Jazzercise
Chase Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 215-52-102
  • 215-52-101
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,996,774
  • Listing ID: 32172914

  • Date on Market: 6/18/2024

  • Last Updated:

  • Address: 15255 N Northsight Blvd, Scottsdale, AZ 85260

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