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INDIAN SCHOOL PLAZA 2441 E Indian School Rd

5,573 SF 100% Leased Retail Building Phoenix, AZ 85016 $1,775,000 ($318/SF) 7.15% Cap Rate

Investment Highlights

  • Shopping Center Size: This ±5,573 SF multi-tenant retail property is a tenant in tow / owner-user opportunity with ±3,173 SF
  • Strong Traffic Counts: Indian School Plaza located in one of the most dominant retail corridors of Phoenix, just off the Southeast Corner
  • Demographics: Shops here boasts very strong demographics with a population of ±341,908 residents earning an average household income of $92,393
  • Retail Corridor: Subject property is approximately 2 minutes from “Arcadia Plaza” a Sprouts Grocery anchored shopping center
  • Close Proximity to Major Freeway: This property is approximately 2 minutes East of interstate 51 subject to over 167,300 VPD

Executive Summary

Broker of Record
Simon Assaf
License No. CO701910000 (AZ)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
4110 N Scottsdale Rd Suite 100,
Scottsdale, AZ 85251

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,573 SF
Building Class
B
Year Built/Renovated
1968/2008
Price
$1,775,000
Price Per SF
$318
Cap Rate
7.15%
NOI
$126,843
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Land Acres
0.39 AC
Zoning
C-2, Phoenix - Commercial
Parking
16 Spaces (2.87 Spaces per 1,000 SF Leased)
Frontage
113 FT on E Indian School Rd

Amenities

  • Bus Line
  • Pylon Sign
  • Signage
Walk Score ®
Very Walkable (80)
Bike Score ®
Very Bikeable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Smart & Final
The Human Bean
Manuel's Mexican Restaurant & Cantina
Sprouts Farmers Market
Title Boxing
Filiberto's Mexican Food
Wingstop
Starbucks
Chase Bank
Whole Foods Market

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
119-04-141
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$115,345
  • Listing ID: 33680411

  • Date on Market: 10/29/2024

  • Last Updated:

  • Address: 2441 E Indian School Rd, Phoenix, AZ 85016

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