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Shops A- Panera Drive-Thru Anchor 5920 W Baseline Rd

10,130 SF 100% Leased Retail Building Laveen, AZ 85339 $8,275,000 ($817/SF) 5.65% Cap Rate

Investment Highlights

  • Brand New Class “A” Shopping Center (2024 Construction) | 100% Leased | Best in Class Tenants & Co-Tenants | Drive-Thru Anchored
  • Located off 202 Loop (60,000 VPD) & Baseline Road (21,000 VPD) Freeway Interchange | Monument Sign Frontage to 202 Loop Freeway
  • Panera Drive-Thru, Mattress Firm, Nothing Bundt Cakes
  • Real Estate Advantage | Tenants Reported Massive Grand Opening Sales Figures | In & Out, Raising Cane’s, EOS Fitness – Proven Traffic Drivers
  • Southwest Valley of Phoenix – Strong Growth & New Development Bustling Baseline Road Retail Trade Area – 6.2 Million Visitors/Yr. (Placer.ai)

Executive Summary

Lee & Associates is pleased to present the opportunity for a qualified investor to acquire Fee Simple interest (land & building) in Laveen Spectrum Shopping Center- Shops A. 100% Leased to Panera Drive-Thru, Mattress Firm, and Nothing Bundt Cakes, located in Laveen, AZ (Phoenix, MSA). Anchored by the renowned EOS Fitness, and including co-tenants like In-N-Out, Raising Cane's, Salad and Go and Chili's. Positioned strategically off the 202 Loop, with a notable daily traffic volume of 60,000 vehicles, and Baseline Road, experiencing 21,000 vehicles per day, the shopping center enjoys unparalleled accessibility and visibility. Additionally, boasting monument sign frontage to the 202 Loop Freeway and hard corner signalized intersection of Baseline Rd and 59th Ave.

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
10,130 SF
Building Class
B
Year Built
2024
Price
$8,275,000
Price Per SF
$817
Cap Rate
5.65%
NOI
$467,532
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Land Acres
1.51 AC
Zoning
PD - Planned Development
Frontage
200 FT on Baseline Rd

Amenities

  • Restaurant
  • Signage
  • Signalized Intersection
  • Drive Thru

Nearby Major Retailers

Salad and Go
Denny's
Sprouts Farmers Market
MOD Pizza
Yogi's Grill
ALDI
Starbucks
Applebee's
Filiberto's Mexican Food
Smashburger

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
104-86-011
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$224,883
  • Listing ID: 33466635

  • Date on Market: 10/9/2024

  • Last Updated:

  • Address: 5920 W Baseline Rd, Laveen, AZ 85339

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