CORTARO CROSSING | 7730 N Cortaro Rd
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CORTARO CROSSING 7730 N Cortaro Rd
7,785 SF 100% Leased Retail Building Marana, AZ 85653 $1,920,000 ($247/SF) 6.80% Cap Rate
Investment Highlights
- All Leases are on a Triple-Net Basis, making the property less management intensive.
- Subject property benefits from excellent demographics with 38,000 residents in a 3-mile radius and an average household income of $130,000.
- Annual consumer spend of $611M in a 3-mile radius.
- Long term tenants. All Tenants have occupied the property for over 10 years with several extensions showing a long-term commitment to the location.
- Cortaro Crossing is located in a densly populated residential corridor with over 15,000 homes within a 3-mile radius providing consistent visitors.
- Property is adjacent to major retailers such as Fry’s Food and Drug (Kroger), Auto Zone, Walgreens, CVS, Ace Hardware, and Walmart.
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
Freestanding
Building Size
7,785 SF
Building Class
C
Year Built
2007
Price
$1,920,000
Price Per SF
$247
Cap Rate
6.80%
NOI
$130,560
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
0.90 AC
Zoning
SP, Marana - intended to provide for planned development in areas outside existing communities
Parking
39 Spaces (5.01 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
- Wheelchair Accessible
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 226-30-002S | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $192,857 |
PROPERTY TAXES
Parcel Number
226-30-002S
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$192,857
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CORTARO CROSSING | 7730 N Cortaro Rd
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