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Albertson's Shops 885 E Warner Rd

8,500 SF 100% Leased Retail Building Gilbert, AZ 85296 £2,172,527 (£256/SF) 6.08% Net Initial Yield

Investment Highlights

  • Strong Grocery Anchor: Outparcel to an Albertsons grocery store, who recently completed over $1.5MM in renovations to their store.
  • Dominant Retail Corridor: Nearby retailers in a 1-mile radius including Target, Lifetime Fitness, Albertsons, Lowes, Home Depot, Fry’s Food, etc.
  • Excellent Demographics: 357,098 residents with an average HHI of $128,134 in a 5-mile & 128,128 residents with an average HHI of $141,768 in 3-mile
  • Below Market Rents: Subject Property offers value-add potential through the ability to increase in-place rents as tenants leases expire.
  • Strong Traffic Counts: Excellent visibility to over 49,500+ VPD through the intersection of Warner & Lindsay & frontage along Warner Road.

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
8,500 SF
Building Class
B
Year Built
2008
Price
£2,172,527
Price Per SF
£256
Net Initial Yield
6.08%
NOI
£132,045
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.17
Land Acres
1.14 AC
Zoning
SC
Parking
8 Spaces (0.94 Spaces per 1,000 SF Leased)
Frontage
110 ft on Warner Rd

Amenities

  • Dedicated Turn Lane
  • Signalised Intersection

Links

1 of 1
885 E Warner Rd, Gilbert, AZ - aerial map view - Image1
885 E Warner Rd, Gilbert, AZ - aerial map view - Image2

Nearby Major Retailers

Chase Bank
Albertsons
Starbucks
Life Time Fitness
Denny's
BMO
Planet Fitness
Fry’s Food Stores
LA Fitness
Safeway

PROPERTY TAXES

Parcel Number 304-25-921 Improvements Assessment £0
Land Assessment £0 Total Assessment £141,567

PROPERTY TAXES

Parcel Number
304-25-921
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£141,567
(602) 946-4842

  • Listing ID: 33467004

  • Date on Market: 09/10/2024

  • Last Updated:

  • Address: 885 E Warner Rd, Gilbert, AZ 85296

The Retail Property at 885 E Warner Rd, Gilbert, AZ 85296 is currently available For Sale. Contact Matthews Real Estate Investment Services for more information.

Nearby Listings

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885 E Warner Rd, Gilbert, AZ for sale Building Photo- Image 1 of 6
Albertson's Shops - Hero 1 Watermark
885 E Warner Rd, Gilbert, AZ for sale Building Photo- Image 2 of 6
885 E Warner Rd Gilbert AZ-20
885 E Warner Rd, Gilbert, AZ for sale Building Photo- Image 3 of 6
Albertson's Shops - Hero 2 Watermark
885 E Warner Rd, Gilbert, AZ for sale Aerial- Image 4 of 6
Albertson's Shops - Map Watermark
885 E Warner Rd, Gilbert, AZ for sale Aerial- Image 5 of 6
_Albertson's Shops - 885 E Warner Rd - gs@4x

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(602) 946-4842

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