Fully Occupied Shopping
For Sale
Contact for pricing
1427 E Bell Rd, Phoenix, AZ 85022
A fully occupied center combines entertainment, medical, and educational tenancy with NNN lease structures.
Property Size9,401 SF
Price / SF$255.19
Days on Market479
Property Features for 1427 E Bell Rd
General Information
Standard status
Active
Size
9,401 SF
Property subtype
RETAIL
Occupancy
100%
Additional Details
Anchor Co-Tenants
Sunrise Preschool, Aldi
Building Details
Tenancy
Multi
Listing Agency:
SRS Real Estate Partners | Phoenix
(602) 682-6000
Listed By:
Chris Abdayem · License #SA702477000
(602) 682-6052
Source:
Moodyscre
Added: Jun 23, 2025
Changed: Oct 14
Last Checked: Oct 12 at 9:05PM
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 SRS Real Estate Partners | Phoenix
Investment Insights
Based on property information with market context.
This 9,401-square-foot shopping center is fully occupied by a varied tenant base spanning entertainment, medical, and educational operations. Sunrise Preschool serves as an anchor, while Aldi provides shadow-anchor support. The tenant mix is designed around service and experiential uses rather than online retail categories.
Leases are NNN in nature, providing a consistent structure for property expenses and tenant obligations. The majority of leases are approaching expiration, creating a near-term leasing consideration for an investor evaluating the existing tenancy and future rent positioning. The property is located at 1427 E Bell Rd in Phoenix, Arizona.
Leases are NNN in nature, providing a consistent structure for property expenses and tenant obligations. The majority of leases are approaching expiration, creating a near-term leasing consideration for an investor evaluating the existing tenancy and future rent positioning. The property is located at 1427 E Bell Rd in Phoenix, Arizona.
Key Highlights
- 9,401‑square‑foot shopping center at 1427 E Bell Rd, Phoenix, AZ 85022
- 100% occupied with entertainment, medical, and educational tenants
- Anchored by Sunrise Preschool (NAP)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,252
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,125,040
$2.1M
Cap Rate 7%
$1,517,886
$1.5M
Cap Rate 9%
$1,180,578
$1.2M
Market Conditions
NOI Build-Up for 9,401 SF
Gross rent
$169.2K $18.00/SF
− Vacancy
−$17.4K −$1.85/SF
EGI
$151.8K $16.15/SF
− OpEx
−$45.5K −$4.84/SF
NOI
$106.3K $11.30/SF
Area
Phoenix, AZ
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,125,040
Cap Rate 7%
$1,517,886
Cap Rate 9%
$1,180,578
Alternative Uses
Best Use
Retail
$1.52M
$1.33M – $1.77M
NOI $106,252 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.85M
$2.49M – $3.32M
NOI $199,335 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
545
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85022, AZ
51,314
Population
25,020
Households
2.1
Avg Household Size
39
Median Age
36%
College-Educated
91%
High-School Grad
9.4 sq mi
ZIP Area
5,459
Density / Sq Mi
$66,601
Median Household Income
$45,875
Median Earnings
$1,517
Median Rent
$385,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Phoenix, AZ
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Similar Off Market Nearby
- Moon Valley Towne Center — 731 E Bell Rd Ste 111, Phoenix, AZ 85022
- Plaza 16 — 1601 E Bell Rd, Phoenix, AZ 85022
- Two Sticks On Bell — 950 E Bell Rd, Phoenix, AZ 85022
- Tierra Del Sol — 1610 E Bell Rd, Phoenix, AZ 85022
Frequently Asked Questions
What type of property is this?
Shopping center - A fully occupied center combines entertainment, medical, and educational tenancy with NNN lease structures.
Where is this shopping center located?
The property is located at 1427 E Bell Rd Phoenix, AZ.
What is the asking price?
The asking price for this property is $2,399,000.
What are key features of this property?
This property features: 9,401‑square‑foot shopping center at 1427 E Bell Rd, Phoenix, AZ 85022; 100% occupied with entertainment, medical, and educational tenants; Anchored by Sunrise Preschool (NAP)
