Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    10781 Frank Lloyd Wright Blvd Scottsdale, AZ 85259

    Sponsored
    For Sale
    $4,700,000

    High-yield NNN retail investment.

    Property size:
    14,550 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 14,550-square-foot, single-tenant net-leased storefront located at 10781 N Frank Lloyd Wright Blvd, Scottsdale, AZ 85259. The property, a Class B building constructed in 2001 and completely renovated in 2020, sits on a 1.71-acre lot with C-3 Highway Commercial zoning. The building is 100% occupied by Nash Powersports, a leading powersports dealer, under a lease commencing February 24, 2020, and expiring February 24, 2030, with two five-year renewal options. The current lease features a 10% rent increase every five years, providing significant long-term growth potential. The property boasts 68 parking spaces and offers excellent visibility and access near the intersection of Frank Lloyd Wright Blvd and Shea Blvd. The current annual net operating income (NOI) is $282,200, representing a 6.00% capitalization rate. The asking price is $4,700,000, translating to a price per square foot of $323.02. This fee-simple ownership opportunity offers strong cash flow and significant upside potential in a prime Scottsdale location. Lease options include two five-year extensions with rent increases based on the greater of CPI or 15% of base rent. The property's strong tenant, favorable lease terms, and prime location make it an attractive investment for discerning buyers.

    Property Features for 10781 Frank Lloyd Wright Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    14,550 SF
    Class
    B
    Lot Size
    74,488 SF

    Building Details

    Year Built/Renovated
    2001/2020
    Buildings
    1
    Stories
    1

    HighLights

    • NNN Investment Opportunity: Single‑tenant, prime North Central Scottsdale location.
    • Fee simple ownership.
    • 14,550 SF free‑standing Class B building, completely remodeled in 2020.
    • 1.7‑acre corner lot, C‑3 Highway Commercial zoning.
    • 100% occupied by a multi‑unit powersports dealership.
    Property Profile Location Intelligence

    Current Use by Public Records

    Nash Powersports Scottsdale Atv Repair Shop Nash Powersports Scottsdale ... Atv Repair Shop

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Scottsdale
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.83453642842
    Latitude
    33.583967773776

    Nearby Similar for Sale

    • New
      $6,999,999

      Resort-Zoned Troon North Investment

      Rare resort-zoned estate near Troon North Golf Club.
      10299 E White Feather Ln, Scottsdale, AZ 85262
      View Details
    • $1,300,000

      Renovated Fourplex in Old Town

      Turnkey fourplex in desirable Old Town Scottsdale location.
      3232 N 66Th St, Scottsdale, AZ 85251
      View Details
    • New
      $1,050,000

      Scottsdale Four-Plex Investment Opportunity

      Four-plex in Old Town Scottsdale with private backyards.
      6802 E Pinchot Ave, Scottsdale, AZ 85251
      View Details
    • $1,695,000
      1.00 Acre

      Scottsdale Acre Lot, No HOA

      One acre lot in Scottsdale near Kierland and Scottsdale Quarter.
      12602 N Scottsdale Rd, Scottsdale, AZ 85254
      View Details
    • New
      $699,900
      1,590 SF

      Scottsdale Home with Resort Backyard

      Recently renovated Scottsdale home with pool and resort-style backyard.
      8408 E Lewis Ave, Scottsdale, AZ 85257
      View Details
    • $719,000

      Scottsdale Duplex Investment Opportunity

      Remodeled duplex in Western Villa, Scottsdale. No HOA.
      6813 E Pinchot Ave, Scottsdale, AZ 85251
      View Details
    • $892,500
      Pending

      Scottsdale Duplex: Turnkey Investment

      Updated Scottsdale duplex, income-ready near ASU and Old Town.
      1909 N 72Nd Pl, Scottsdale, AZ 85257
      View Details
    • $1,250,000

      Scottsdale Fourplex Investment Opportunity

      Fourplex near Old Town Scottsdale with strong upside potential.
      3014 N 70Th St, Scottsdale, AZ 85251
      View Details
    • New
      $150,000
      1,200 SF

      Turnkey Restaurant in Scottsdale, Arizona

      Ready-to-operate Indian restaurant with prime location and favorable lease.
      14884 Rd N, Scottsdale, AZ 85260
      View Details
    • $995,000
      0.80 Acres

      Scottsdale Horse Property Opportunity

      Large horse property near trails with potential for creative financing.
      6428 E Shea Blvd, Scottsdale, AZ 85254
      View Details
    • $7,840,000
      9,551 SF

      Barstool Sports Investment Opportunity

      NNN leased Barstool Sports bar/restaurant/nightclub in Old Town Scottsdale.
      4321 N Scottsdale Rd, Scottsdale, AZ 85251
      View Details
    • $22,600,000
      73,060 SF

      Class A Scottsdale Office Building

      Two-story, single-tenant office building in central Scottsdale.
      9145 E Pima Center Pkwy, Scottsdale, AZ 85258
      View Details

    FAQs

    What type of property is this?
    Individual retail property - High-yield NNN retail investment.
    Where is this individual retail property located?
    The property is located at 10781 Frank Lloyd Wright Blvd Scottsdale, AZ.
    What is the asking price?
    The asking price for this property is $4,700,000.
    What are key features of this property?
    This property features: NNN Investment Opportunity: Single-tenant, prime North Central Scottsdale location.; Fee simple ownership.; 14,550 SF free-standing Class B building, completely remodeled in 2020.
    Request Owner's contact information
    10781 Frank Lloyd Wright Blvd Scottsdale, AZ 85259
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    10781 Frank Lloyd Wright Blvd
    Scottsdale, AZ 85259
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10781 Frank Lloyd Wright Blvd Scottsdale, AZ 85259
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.