Plaza De Los Garcias | 7044 & 7046 E Main st
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Plaza De Los Garcias 7044 & 7046 E Main st
3,886 SF 100% Leased Retail Building Scottsdale, AZ 85251 $2,900,000 ($746/SF) 5.30% Cap Rate
Investment Highlights
- Old Town Scottsdale: This offering is located in the heart of Old Town Scottsdale, which is the number one entertainment destination in all of Arizona
- NNN Investment with increases: Both leases are on a NNN basis that include three percent (3%) annual increases to hedge against inflation.
- Strong Demographics: Plaza De Los Garcias is subject to strong demographics with over 1.4 million annual visitors to retail stores.
- Long Term Operating History: Plaza De Los Garcias provides a 100% occupied investment with a strong mix of internet resistant tenants.
- Art and Entertainment District: Workday population in a 1-mile radius is over 50,000 people and boasts significant nighttime traffic.
- Multi-Family Developments: There are over 500 Multifamily units proposed or currently under construction in Old Town.
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
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
Storefront
Building Size
3,886 SF
Building Class
C
Year Built
1955
Price
$2,900,000
Price Per SF
$746
Cap Rate
5.30%
NOI
$153,600
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.49
Land Acres
0.18 AC
Opportunity Zone
Yes
Zoning
C-2 - Retail
Parking
11 Spaces (2.83 Spaces per 1,000 SF Leased)
Frontage
64 FT on East Main Street
Amenities
- Wheelchair Accessible
- Air Conditioning
Walk Score ®
Very Walkable (78)
Bike Score ®
Very Bikeable (88)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 130-12-068B | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $106,616 |
PROPERTY TAXES
Parcel Number
130-12-068B
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$106,616
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Patrick Ehrhardt -
Trevor Von Behren -
Alex DeSoto -
Matthews Real Estate Investment Services
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Plaza De Los Garcias | 7044 & 7046 E Main st
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