Listing Agency: Kidder Mathews | Phoenix Show Phone

Listed By: Jenette Bennett · License #SA557543000 Show Phone

Source: Moodyscre

Added: Jan 23 Changed: Oct 6 Last Checked: Oct 20 at 8:38PM

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Investment Insights

Based on property information with market context.

This modern retail shopping center is offered with 100% occupancy and a service-oriented, daily-needs tenant mix. The property is described as having a scaled, institutional-quality layout built with modern construction standards.

The offering notes an attractive in-place yield with a clean 6.0% CAP. It is also characterized as benefitting from affluent demographics and built-in demand tied to immediate residential density, which together support the tenant base.

Overall, the center presents as a fully leased retail investment with contemporary construction and a tenant roster focused on everyday needs.

Key Highlights

• Modern retail shopping center with 100% occupancy
• Tenant mix is daily‑needs, service‑oriented
• In‑place yield of 6.0% CAP

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$510,929

Cap Rate

3.99%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$10,218,580 $10.2M

Cap Rate 7%

$7,298,986 $7.3M

Cap Rate 9%

$5,676,989 $5.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 40,824 SF

Gross rent

$769.1K $18.84/SF

− Vacancy

−$39.2K −$0.96/SF

EGI

$729.9K $17.88/SF

− OpEx

−$219.0K −$5.36/SF

NOI

$510.9K $12.52/SF

Area

Goodyear, AZ

Vacancy

5.10%

Lease Rate

$18.84 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$10,218,580

Cap Rate 7%

$7,298,986

Cap Rate 9%

$5,676,989

Alternative Uses

Best Use

Retail

$7.30M

$6.39M – $8.52M (±1% cap)

NOI $510,929 @ 7.0% cap · market cap 3.99%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$12.05M

$10.54M – $14.05M (±1% cap)

NOI $843,234 @ 7.0% cap · market cap 6.59%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Sunrise Donuts Cafe & Coffee Shop River Of Life Lutheran ... Church D'Man barbershop Barber Shop Love You A Latte ... Home Decor Store Release The Leash Barkery Dog Cafe

Suggested Use

Top Pick Real Estate Agency Law Firm Electrical Service Garden Center Computer & Electronic Repair Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

192

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 85338, AZ

59,313

Population

23,748

Households

2.5

Avg Household Size

36

Median Age

32%

College-Educated

93%

High-School Grad

76.0 sq mi

ZIP Area

780

Density / Sq Mi

$99,345

Median Household Income

$49,057

Median Earnings

$1,822

Median Rent

$396,100

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Frequently Asked Questions

What type of property is this?

Shopping center - Modern retail shopping center featuring 100% occupancy with daily-needs, service-oriented tenancy.

Where is this shopping center located?

The property is located at 725 S Estrella Pkwy Goodyear, AZ.

What is the asking price?

The asking price for this property is $12,800,000.

What are key features of this property?

This property features: Modern retail shopping center with 100% occupancy; Tenant mix is daily‑needs, service‑oriented; In‑place yield of 6.0% CAP