Freestanding Single-Tenant Retail
For Sale
Contact for pricing
Pending
15600 N Scottsdale Rd, Scottsdale, AZ 85254
Freestanding retail building leased to Bassett Furniture Industries with NNN terms and recent roof replacement.
Property SizeContact for details
Days on Market149
Property Features for 15600 N Scottsdale Rd
General Information
Standard status
Pending
Property subtype
Retail, Industrial
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
Patrick R. Luther, CCIM · License #01912215
(480) 221-4221
Source:
Crexi
Added: Apr 11
Changed: Aug 14
Last Checked: Sep 3 at 1:32AM
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 Newport Beach
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
Current Use
Location Intelligence
Trade Area within ½ mile
3,165
Businesses Nearby
Explore this area
Business Placement
Demographics for 85254, AZ
46,352
Population
21,469
Households
2.2
Avg Household Size
45
Median Age
60%
College-Educated
97%
High-School Grad
13.7 sq mi
ZIP Area
3,383
Density / Sq Mi
$120,885
Median Household Income
$61,953
Median Earnings
$1,954
Median Rent
$701,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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.
