Rose Garden Center | 21043 N Cave Creek Rd
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Rose Garden Center 21043 N Cave Creek Rd
40,713 SF 94% Leased Retail Building Phoenix, AZ 85024 $8,250,000 ($203/SF) 6.80% Cap Rate
Investment Highlights
- Rose Garden Center, a successful shopping center located at a signalized intersection with easy ingress and egress, passed by over 40,347 daily.
- Home to national chains and local tenants, creating a memorable shopping experience in a rapidly developing area with new retail and housing.
- Businesses will benefit from access to Loop 101, two minutes away, and opportunities for exposure through large monument signage in a bustling area.
- Located on the edge of Arizona's capital city of Phoenix, where Average Household Incomes are over $75,000 in a 3-mile radius of the property.
Executive Summary
Rose Garden Center, at 21043 N Cave Creek Road, is an opportunity to own a shopping center with national chains such as Quiznos, Leslie’s Swimming Pool Supplies, and State Farm Insurance at a high visibility locale in Phoenix, Arizona.
The Rose Garden Center is a 93% occupied, 40,431-square-foot retail shopping center with well-maintained spaces and a dynamic tenant mix that provides a unique cross-shopping experience. Strategically located at a signalized, sought-after intersection at N Cave Creek Road and E Rose Garden Lane that include multiple points of ingress and egress, a monument sign, and passed by over 40,347 cars per day, the shopping center is benefitting from excellent exposure and access.
Positioned in the rapidly developing area north of Downtown Phoenix, this area is experiencing significant new development with a brand-new Dunkin Donuts, Hog Wash Express, and QuikTrip, all newly constructed just across the street from the Rose Garden Center. Sitting less than four miles from Piestewa Highway (Arizona State Route 51), the major freeway in the Phoenix area connecting to Interstate 10 just outside Downtown Phoenix with Loop 101 on the city’s north side, which runs just a few blocks south of the shopping center.
Located in Phoenix, an area with strong demographics, boasting a population of 84,164 within a three-mile radius that draws many potential customers to the Rose Garden Center. For an exceptionally kept property, join the diverse tenant base, including O2 Sushi, Athletico Physical Therapy, Fancy Nails and Spa, and Desert Ridge Music Academy at Rose Garden Center. The building itself is well-maintained and constantly renovated. As of July 2023, it is also fully leased.
The Rose Garden Center is a 93% occupied, 40,431-square-foot retail shopping center with well-maintained spaces and a dynamic tenant mix that provides a unique cross-shopping experience. Strategically located at a signalized, sought-after intersection at N Cave Creek Road and E Rose Garden Lane that include multiple points of ingress and egress, a monument sign, and passed by over 40,347 cars per day, the shopping center is benefitting from excellent exposure and access.
Positioned in the rapidly developing area north of Downtown Phoenix, this area is experiencing significant new development with a brand-new Dunkin Donuts, Hog Wash Express, and QuikTrip, all newly constructed just across the street from the Rose Garden Center. Sitting less than four miles from Piestewa Highway (Arizona State Route 51), the major freeway in the Phoenix area connecting to Interstate 10 just outside Downtown Phoenix with Loop 101 on the city’s north side, which runs just a few blocks south of the shopping center.
Located in Phoenix, an area with strong demographics, boasting a population of 84,164 within a three-mile radius that draws many potential customers to the Rose Garden Center. For an exceptionally kept property, join the diverse tenant base, including O2 Sushi, Athletico Physical Therapy, Fancy Nails and Spa, and Desert Ridge Music Academy at Rose Garden Center. The building itself is well-maintained and constantly renovated. As of July 2023, it is also fully leased.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
40,713 SF
Building Class
B
Year Built/Renovated
2002/2023
Price
$8,250,000
Price Per SF
$203
Cap Rate
6.80%
NOI
$561,000
Percent Leased
94%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.88
Lot Size
1.06 AC
Zoning
C-2, Phoenix - Commercial
Parking
146 Spaces (0.98 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Drive Thru
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Suites 9A and 9B are available for lease. Previously a lounge. Inquire today for more details.
| Space | Size | Space Use | Position | Available |
| 9/9A | 2,333 SF | Retail | - | Now |
9/9A
| Size |
| 2,333 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
9/9A
| Size | 2,333 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Suites 9A and 9B are available for lease. Previously a lounge. Inquire today for more details.
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 213-10-025 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $668,537 |
PROPERTY TAXES
Parcel Number
213-10-025
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$668,537
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Rose Garden Center | 21043 N Cave Creek Rd
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