Freestanding Single-Tenant Retail
15600 N Scottsdale Rd Scottsdale, AZ 85254
15600 N Scottsdale Rd, Scottsdale, AZ, 85254
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For Sale
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Pending
Freestanding retail building leased to Bassett Furniture Industries with NNN terms and recent roof replacement.
Days on Market102
Property Features for 15600 N Scottsdale Rd
General Information
- Standard status
- Pending
- Property subtype
- Retail, Industrial
Listing Agency
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed by
Patrick R. Luther, CCIM · License #CA License No. 01912215
Source
Crexi
Added: Apr 11 Updated: Jul 20 at 6:26 pm Checked: Jul 20 at 6:26 pm
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Investment Insights
Based on property information with market context.
This freestanding, single-tenant retail building is offered as a fee simple interest with a current net lease to Bassett Furniture Industries, Inc. (dba Bassett Furniture). The lease has approximately 6 years remaining in the initial term, plus two additional five-year option periods. Rent increases are structured at 2% annually during the initial term and 3% annually during the option periods. The lease is NNN, with landlord responsibilities limited to roof and structure. A new roof was installed in August 2019 and includes a 10-year transferable warranty.
The property is located on N Scottsdale Rd in North Scottsdale near Kierland Commons. The site is positioned along a major north/south retail and commuter thoroughfare with average traffic of 32,300 vehicles passing by daily. It is also near residential and mixed-use demand, including Optima Kierland and The Paragon at Kierland Apartments. Within 1 mile are Scottsdale Quarter, Kierland Commons, and The Promenade, supporting continued consumer draw to the area.
The surrounding 5-mile trade area is supported by more than 202,000 residents and 158,000 employees, with an affluent average household income of $129,497.
The property is located on N Scottsdale Rd in North Scottsdale near Kierland Commons. The site is positioned along a major north/south retail and commuter thoroughfare with average traffic of 32,300 vehicles passing by daily. It is also near residential and mixed-use demand, including Optima Kierland and The Paragon at Kierland Apartments. Within 1 mile are Scottsdale Quarter, Kierland Commons, and The Promenade, supporting continued consumer draw to the area.
The surrounding 5-mile trade area is supported by more than 202,000 residents and 158,000 employees, with an affluent average household income of $129,497.
Key Highlights
- Freestanding single‑tenant retail building leased to Bassett Furniture Industries, Inc. (dba Basset Furniture) with ~6 years remaining in the initial term.
- Lease provides 2% annual rental increases during the initial term and 3% annual increases during the two (5‑year) option periods.
- NNN lease structure: landlord responsibilities limited to roof and structure.
Property Analytics
Location Intelligence
Current Use by Public Records
Bassett Furniture
Furniture & Home Goods
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Freestanding retail building leased to Bassett Furniture Industries with NNN terms and recent roof replacement.
Where is this nnn property located?
The property is located at 15600 N Scottsdale Rd Scottsdale, AZ.
What are key features of this property?
This property features: Freestanding single‑tenant retail building leased to Bassett Furniture Industries, Inc. (dba Basset Furniture) with ~6 years remaining in the initial term.; Lease provides 2% annual rental increases during the initial term and 3% annual increases during the two (5‑year) option periods.; NNN lease structure: landlord responsibilities limited to roof and structure.
