6601 W Indian School Rd | Phoenix, AZ 85033
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6601 W Indian School Rd
Phoenix, AZ 85033
Indian Park Plaza · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- SHADOW-ANCHORED TO BUSY FRY’S GROCERY STORE – KROGER OWNS THEIR BOX
- CLASSIC NEIGHBORHOOD TENANT MIX – PIZZA HUT, CRICKET, NAILS, BARBER, RESTAURANT, ETC.
- VERY HIGH TRAFFIC INTERSECTION WITH ±83,000 VPD
- FRY’S SEES 1.3 MILLION VISITORS PER YEAR, HIGHER THAN ALL OTHER GROCERS IN THE SUBMARKET
- AVERAGE RENT OF ONLY $22.00 PSF, ALL ON NNN LEASES
- LONG TENURED PROPERTY MANAGER WILLING TO STAY ON
EXECUTIVE SUMMARY
Newmark Retail Capital Markets is pleased to present the opportunity to acquire Indian Park Plaza, 100% leased strip retail center. This 19,848 square foot Fry’s shadowanchored center is home to eleven tenants in Phoenix, Arizona.
Indian Park Plaza is about two miles north of the I-10 freeway, connecting the property to Downtown Phoenix. With frontage on both Indian School Road and 67Th Avenue, this property is adjacent to dense residential neighborhoods on a dominant retailoriented intersection, exposing the property
to over 83,000 vehicles on a daily basis. This shopping center is situated 15 minutes from Arizona Cardinals State Farm Stadium and 20 minutes from Phoenix Sky Harbor International Airport in the ever-growing submarket of West Phoenix. This fully leased center offers an investor the rare opportunity to acquire a stable asset in a growing part of Phoenix, Arizona.
Indian Park Plaza is about two miles north of the I-10 freeway, connecting the property to Downtown Phoenix. With frontage on both Indian School Road and 67Th Avenue, this property is adjacent to dense residential neighborhoods on a dominant retailoriented intersection, exposing the property
to over 83,000 vehicles on a daily basis. This shopping center is situated 15 minutes from Arizona Cardinals State Farm Stadium and 20 minutes from Phoenix Sky Harbor International Airport in the ever-growing submarket of West Phoenix. This fully leased center offers an investor the rare opportunity to acquire a stable asset in a growing part of Phoenix, Arizona.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
19,848 SF
Building Class
B
Year Built
1990
Price
$6,375,000
Price Per SF
$321
Cap Rate
6.69%
NOI
$426,640
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.54
Lot Size
0.85 AC
Zoning
PSC, Phoenix
PROPERTY TAXES
| Parcel Number | 103-01-087 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $163,202 |
PROPERTY TAXES
Parcel Number
103-01-087
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$163,202
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