Retail Property with Modified Gross
For Sale
Contact for pricing
Pending
15846 N Cave Creek Rd, Phoenix, AZ 85032
Retail property for sale currently operating at 80% occupancy with all leases on modified gross terms.
Property SizeContact for details
Days on Market148
Property Features for 15846 N Cave Creek Rd
General Information
Standard status
Pending
Property subtype
Retail
Occupancy
80%
Additional Details
Cap Rate
4.5%
Listing Agency:
Sperry-Insignia CRE
Listed By:
Adam Lam, CCIM · License #AZ SA664706000
Source:
Crexi
Added: Apr 11
Changed: Aug 21
Last Checked: Sep 2 at 10:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sperry-Insignia CRE
Investment Insights
Based on property information with market context.
This retail property for sale is currently 80% occupied, with all leases in place on modified gross terms. The offering also contemplates a value-add approach through conversion of existing lease structures to NNN.
The property is located at 15846 N Cave Creek Rd in Phoenix, Arizona 85032.
According to the provided materials, the sale price is $2,100,000, reflecting a stated cap rate of 4.5% and NOI of $93,786, with the current leasing noted as modified gross across all tenants.
The property is located at 15846 N Cave Creek Rd in Phoenix, Arizona 85032.
According to the provided materials, the sale price is $2,100,000, reflecting a stated cap rate of 4.5% and NOI of $93,786, with the current leasing noted as modified gross across all tenants.
Key Highlights
- $2,100,000 list price ($134/SF) with a 4.5% cap rate
- 80% occupancy with current NOI of $93,786
- All leases are currently on modified gross terms
Property Analytics
Property Profile
Current Use
Lease Details
80%
Occupancy
Location Intelligence
Trade Area within ½ mile
853
Businesses Nearby
Explore this area
Business Placement
Demographics for 85032, AZ
68,710
Population
30,386
Households
2.3
Avg Household Size
38
Median Age
34%
College-Educated
89%
High-School Grad
12.4 sq mi
ZIP Area
5,541
Density / Sq Mi
$74,331
Median Household Income
$44,790
Median Earnings
$1,492
Median Rent
$387,900
Median Home Value
Market
Vacancy Rate% for Retail in Phoenix, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property for sale currently operating at 80% occupancy with all leases on modified gross terms.
Where is this retail space located?
The property is located at 15846 N Cave Creek Rd Phoenix, AZ.
What are key features of this property?
This property features: $2,100,000 list price ($134/SF) with a 4.5% cap rate; 80% occupancy with current NOI of $93,786; All leases are currently on modified gross terms
