SINGLE TENANT ABSOLUTE NNN | 4321 N Scottsdale Rd
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SINGLE TENANT ABSOLUTE NNN 4321 N Scottsdale Rd
9,551 SF Retail Building Scottsdale, AZ 85251 £6,715,085 (£703/SF) 4.63% Net Initial Yield
Investment Highlights
- Extremely rare frontage property available on Scottsdale Rd near Camelback Rd
- Zoned D/OC-2, City of Scottsdale within the opportunity zone
- ±$32.8M spent annually on entertainment and recreation within 1 mile of the property (Source: CBRE Research)
- Building size is ±8,200 SF featuring ±6,400 SF with a mezzanine and ±1,800 SF patio
- Located in the heart of more than 100 of the city’s best restaurants, craft cocktail bars, lounges and high-energy nightclubs (Source: Scottsdale Ariz
- Over 33,000 vehicles per day drive past the property (Source: Esri)
Executive Summary
Extremely rare frontage property
Located in the heart of more than 100 of the city’s best restaurants, craft cocktail bars, lounges and high-energy nightclubs
Over 33,000 vehicles per day drive past the property
Located in the heart of more than 100 of the city’s best restaurants, craft cocktail bars, lounges and high-energy nightclubs
Over 33,000 vehicles per day drive past the property
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
9,551 SF
Building Class
B
Year Built/Renovated
1963/2007
Price
£6,715,085
Price Per SF
£703
Net Initial Yield
4.63%
NOI
£310,870
Tenancy
Single
Number of Floors
2
Building FAR
1.15
Land Acres
0.19 AC
Opportunity Zone
Yes
Zoning
D/OC-2, Scottsdale
Parking
5 Spaces (0.52 Spaces per 1,000 SF Leased)
Frontage
62 ft on Scottsdale
Amenities
- Bus Route
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Two Brothers Taphouse & Brewing
- Manufacturing
- 8,165 SF
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Two Brothers Taphouse & Brewing | Manufacturing | 8,165 SF | - | - |
Walk Score ®
Very Walkable (83)
Bike Score ®
Very Bikeable (85)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £0 | |
| Land Assessment | £38,929 | Total Assessment | £161,992 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£38,929
Improvements Assessment
£0
Total Assessment
£161,992
-
Max Bippus -
CBRE, Inc.
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SINGLE TENANT ABSOLUTE NNN | 4321 N Scottsdale Rd
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