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Ironwood & Pima Center | Newly Built South of SEC of Ironwood and Pima Rd

9,002 SF 100% Leased Retail Building San Tan Valley, AZ 85140 $8,708,000 ($967/SF) 5.75% Cap Rate

Investment Highlights

  • Brand New Construction & Leases | 100% Occupied | Freestanding Pad with Drive-Through Access | NNN Leases | Scheduled Rental Increases
  • Strong Demographics In 5-Mile Trade Area
  • Master-Planned Communities | Nearby Flourishing Commercials

Executive Summary

• The property is newly built and looking at complete construction in 2024, featuring state-of-the-art, brand new construction with modern amenities and design
• 100% occupied, generating steady cash flow for a new owner
• Dutch Bros is on its own pad with drive-through access
• All tenants operate under NNN Leases, limiting expense leakage for future investors. Ideal low-management for a passive investor
• All leases have scheduled rent increases throughout the initial term and the option period, 57% of rental revenue features RARE ANNUAL INCREASES, steadily growing NOI and hedging against inflation

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,002 SF
Building Class
B
Year Built
2025
Construction Status
Under Construction
Price
$8,708,000
Price Per SF
$967
Cap Rate
5.75%
NOI
$500,730
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.08
Lot Size
2.63 AC
Zoning
C-3 - General Commercial
Parking
104 Spaces (11.55 Spaces per 1,000 SF Leased)
Frontage
483 FT on North Ironwood Road

Amenities

  • Restaurant
  • Signage
  • Drive Thru

Nearby Major Retailers

Freddy's Frozen Custard & Steakburgers
Anytime Fitness
Filiberto's Mexican Food
La Fitness
Starbucks
Safeway
Salad and Go

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
104-24-003W
Land Assessment
$402,920
Improvements Assessment
$0
Total Assessment
$402,920
  • Listing ID: 32323143

  • Date on Market: 7/2/2024

  • Last Updated:

  • Address: South of SEC of Ironwood and Pima Rd, San Tan Valley, AZ 85140

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