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CORTARO CROSSING 7730 N Cortaro Rd

7,785 SF 100% Leased Retail Building Marana, AZ 85653 £1,516,819 (£195/SF) 6.80% Net Initial Yield

Investment Highlights

  • All Leases are on a Triple-Net Basis, making the property less management intensive.
  • Subject property benefits from excellent demographics with 38,000 residents in a 3-mile radius and an average household income of $130,000.
  • Annual consumer spend of $611M in a 3-mile radius.
  • Long term tenants. All Tenants have occupied the property for over 10 years with several extensions showing a long-term commitment to the location.
  • Cortaro Crossing is located in a densly populated residential corridor with over 15,000 homes within a 3-mile radius providing consistent visitors.
  • Property is adjacent to major retailers such as Fry’s Food and Drug (Kroger), Auto Zone, Walgreens, CVS, Ace Hardware, and Walmart.

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
7,785 SF
Building Class
C
Year Built
2007
Price
£1,516,819
Price Per SF
£195
Net Initial Yield
6.80%
NOI
£103,144
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.20
Land Acres
0.90 AC
Zoning
SP, Marana - intended to provide for planned development in areas outside existing communities
Parking
39 Spaces (5.01 Spaces per 1,000 SF Leased)
Frontage
87 ft on Cortaro

Amenities

  • Bus Route
  • Signage
  • Wheelchair Accessible
  • Air Conditioning

Links

1 of 1

Nearby Major Retailers

Fry’s Food Stores
Chase Bank
Bank of America
LA Fitness
Chili's
StretchLab
Starbucks
Cracker Barrel Old Country Store
Texas Roadhouse
IHOP

PROPERTY TAXES

Parcel Number 226-30-002S Improvements Assessment £0
Land Assessment £0 Total Assessment £152,359

PROPERTY TAXES

Parcel Number
226-30-002S
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£152,359
(866) 889-0550

  • Listing ID: 33745484

  • Date on Market: 04/11/2024

  • Last Updated:

  • Address: 7730 N Cortaro Rd, Marana, AZ 85653

The Retail Property at 7730 N Cortaro Rd, Marana, AZ 85653 is currently available For Sale. Contact Matthews Real Estate Investment Services for more information.

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Joshua Jenkins

(866) 889-0550

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(602) 898-8499

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