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Albertson's Shops 885 E Warner Rd

8,500 SF 100% Leased Retail Building Gilbert, AZ 85296 $2,750,000 ($324/SF) 6.08% Cap Rate

Retail Buildings Arizona Gilbert 885 E Warner Rd, Gilbert, AZ 85296

Investment Highlights

  • Strong Grocery Anchor: Outparcel to an Albertsons grocery store, who recently completed over $1.5MM in renovations to their store.
  • Dominant Retail Corridor: Nearby retailers in a 1-mile radius including Target, Lifetime Fitness, Albertsons, Lowes, Home Depot, Fry’s Food, etc.
  • Excellent Demographics: 357,098 residents with an average HHI of $128,134 in a 5-mile & 128,128 residents with an average HHI of $141,768 in 3-mile
  • Below Market Rents: Subject Property offers value-add potential through the ability to increase in-place rents as tenants leases expire.
  • Strong Traffic Counts: Excellent visibility to over 49,500+ VPD through the intersection of Warner & Lindsay & frontage along Warner Road.

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
8,500 SF
Building Class
B
Year Built
2008
Price
$2,750,000
Price Per SF
$324
Cap Rate
6.08%
NOI
$167,144
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Land Acres
1.14 AC
Zoning
SC
Parking
8 Spaces (0.94 Spaces per 1,000 SF Leased)
Frontage
110 FT on Warner Rd

Amenities

  • Dedicated Turn Lane
  • Signalized Intersection

Links

1 of 1
885 E Warner Rd, Gilbert, AZ - aerial map view - Image1
885 E Warner Rd, Gilbert, AZ - aerial map view - Image2

Nearby Major Retailers

Albertsons
Starbucks
Chase Bank
Life Time Fitness
Port of Subs
Planet Fitness
Denny's
BMO
Fry’s Food Stores
LA Fitness

PROPERTY TAXES

Parcel Number 304-25-921 Improvements Assessment $0
Land Assessment $0 Total Assessment $175,996

PROPERTY TAXES

Parcel Number
304-25-921
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$175,996
(602) 946-4842

  • Listing ID: 33467004

  • Date on Market: 10/9/2024

  • Last Updated:

  • Address: 885 E Warner Rd, Gilbert, AZ 85296

More public record information on 885 E Warner Rd, Gilbert, AZ 85296

The Retail Property at 885 E Warner Rd, Gilbert, AZ 85296 is currently available For Sale. Contact Matthews Real Estate Investment Services for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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885 E Warner Rd, Gilbert, AZ for sale Building Photo- Image 1 of 6
Albertson's Shops - Hero 1 Watermark
885 E Warner Rd, Gilbert, AZ for sale Building Photo- Image 2 of 6
885 E Warner Rd Gilbert AZ-20
885 E Warner Rd, Gilbert, AZ for sale Building Photo- Image 3 of 6
Albertson's Shops - Hero 2 Watermark
885 E Warner Rd, Gilbert, AZ for sale Aerial- Image 4 of 6
Albertson's Shops - Map Watermark
885 E Warner Rd, Gilbert, AZ for sale Aerial- Image 5 of 6
_Albertson's Shops - 885 E Warner Rd - gs@4x

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Albertson's Shops | 885 E Warner Rd
(602) 946-4842 x

Albertson's Shops | 885 E Warner Rd

1/4

Cade Southerland

(602) 946-4842

(602) 946-4842

Hudson DeJean

(602) 218-5242

(602) 218-5242

Alex DeSoto

(602) 898-8499

(602) 898-8499

Dave Cameron

(480) 881-3100

(480) 881-3100

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