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One Scottsdale Retail - Pad B NNEC Loop 101 & Scottsdale Rd

10,616 SF 89% Leased Retail Building Scottsdale, AZ 85255 $11,380,000 ($1,072/SF) 5.25% Cap Rate

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Investment Highlights

Quality 2024 Construction
National Tenant Mix
Prime North Scottsdale Location

Less than One Mile from Loop 101 Freeway
Highest Average Household Income in the Phoenix MSA

Executive Summary

Built in 2024, the building is 100% occupied, consisting of five tenants. The property is part of a larger project with frontage on Scottsdale Road. In addition, the asset is located south of Honor Health Scottsdale Thompson and north of a variety of shopping centers and golf resorts. One Scottsdale Retail is located in the heart of the Grayhawk Neighborhood, an area with over $10B of new development projects in a 5-mile radius.
The shops are less than one mile north of the Loop 101, 10 minutes from the Scottsdale Airport and less than 30 minutes from Phoenix Sky Harbor Airport. One Scottsdale offers an investor the rare opportunity to acquire a newly constructed, stable asset in a rapidly growing part of Scottsdale, Arizona.

One Scottsdale OM

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Freestanding

Building Size

10,616 SF

Building Class

Year Built

2024

Price

$11,380,000

Price Per SF

$1,072

Cap Rate

5.25%

NOI

$597,445

Percent Leased

89%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.97

Lot Size

0.25 AC

Opportunity Zone

Yes

Zoning

PRC - Commercial

Parking

73 Spaces (6.88 Spaces per 1,000 SF Leased)

Amenities

Signage
Tenant Controlled HVAC

Drive Thru
Wheelchair Accessible

Air Conditioning

Smoke Detector

Space Availability

1st Floor
1,200 SF
Retail
In-Line
Now

NNEC Loop 101 & Scottsdale Rd, Scottsdale, AZ for sale Building Photo- Image 1 of 1 — Building Photo

PROPERTY INFORMATION • Final Space Available • ½ Mile from Optima McDowell Mountain Village (1,330 high end residential units) • Going home side of Scottsdale Rd • Brand New 50+ Acre Banner Hospital proposed in immediate trade area • Home 2 Suites by Hilton directly adjacent to site (immediate built in customer base)