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  • Listing ID: 17234134
  • Date Created: 9/18/2019
  • Last Updated:

Properties

Property Name / Address, City, State Property Type Size Year Built Individual Price
Bldg B
13835 N Tatum Blvd, Phoenix, AZ
Retail 6,650 1980 N/A
Smart & Final Extra!
13823 N Tatum Blvd, Phoenix, AZ
Retail 28,280 1980 N/A
Bldg A
13843 N Tatum Blvd, Phoenix, AZ
Retail 19,500 1980 N/A
Show More > < Show Less

Highlights

  • Located in a mature high income neighborhood - very high barriers to entry.
  • Situated on a major traffic intersection.
  • Very limited grocery anchored retail available.
  • Ability to place a coveted drive thru pad building on a separate parceled lot, ideal exit sale opportunity providing immediate upside in NOI.

Marketing Brochure

Download Brochure

More Attachments

Paradise Point Rent Roll
Paradise Point Cash Flow
Paradise Point Expense Detail
Paradise Point 3 year pro-forma
Paradise Point Site Plan with Parcel
Paradise Point OM
Paradise Point Flier Contract Final smaller file

Sale Notes

"Paradise Point” is a very rare investment opportunity of a 100% leased shopping center located in prestigious Paradise Valley, AZ. Smart & Final Extra Grocery anchors the shopping center. The property offers an irreplaceable location, in a mature neighborhood, with high incomes, high traffic counts for the afternoon commute along Tatum Blvd and its half a mile north of Paradise Valley Mall. The actual in place NOI $884,500 is 13% below average market rents. Center has new drive-thru or shop space pad building approved to be built facing Tatum Blvd, on a separate tax parcel. Making it easy to sell after its developed. Anchor Tenant has supplied approved sign-off paperwork for the new pad to be developed, therefore a $200,000 NOI increase in two years can be added to the cash-flow analysis. High traffic counts on the NEC Tatum Blvd and Thunderbird Rd. 11 years left on primary lease term for Smart & Final NYSE: SFS Moody’s B2 credit rated, with four 5-year options. Offered with assumable debt of $6,600,000, 3.85% Interest for three more years, or offered free and clear on existing debt.

Major Tenant Information

Tenant SF Occupied Lease End Date
Smart & Final Extra! - June 2030

Traffic

Collection Street Cross Street Traffic Vol Year Distance
E Thunderbird Rd N 51st St, E 21,146 2018 0.23 mi
N 48th St E Andora Dr, S 37,224 2018 0.35 mi
E Thunderbird Rd N 46th St, E 21,658 2015 0.39 mi
E Thunderbird Rd N 46th St, E 21,932 2018 0.39 mi
N 48th St E Acoma Dr, N 34,748 2018 0.39 mi

Airport

Phoenix Sky Harbor International Airport
29 min drive 14.8 mi
Walk Score ®
66
Somewhat Walkable
Bike Score ®
62
Bikeable
What is a Walk Score®, Transit Score® & BikeScore®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

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