Neighborhood Retail Center with
973 E Cottonwood Ln Casa Grande, AZ 85122
973 E Cottonwood Ln, Casa Grande, AZ, 85122
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For Sale
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Well-maintained strip retail center with superior CMU construction and approximately 85 parking spaces.
Property Size14,901 SF
Price / SF$184.55
Days on Market43
Property Features for 973 E Cottonwood Ln
General Information
- Standard status
- Active
- Size
- 14,901 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2006
Listing agency
Matthews
Listed by
Josh Jenkins · License #BR687098000
Source
Crexi
Added: Jun 9 Updated: Jul 21 at 3:06AM Checked: Jul 21 at 3:06AM
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 Matthews
Investment Insights
Based on property information with market context.
Cottonwood Village is a well-maintained neighborhood retail center with superior CMU construction and an emphasis on building durability. The property features a 2018 new foam roof and documented exterior and systems maintenance, including exterior painting, selected exterior lighting replacements, regularly serviced HVAC units, plus recent parking lot patching, resealing, and re-striping. The center is currently at 100% occupancy with a mix of long-term tenancy and newly signed leases, and it has a history of very low turnover.
Positioned at one of the busiest intersections within Casa Grande, the center benefits from strong traffic counts of approximately 41,000 along Cottonwood and Trekell Roads and serves a growing, infill trade area. The remarks also note rapid population growth in the region and proximity “minutes from” Lucid Motors’ AMP 1 advanced manufacturing project.
With approximately 85 parking spaces, the property provides convenient on-site parking for a range of future tenancy. The current tenant reimbursement is described as rental tax only, creating an opportunity for the new owner to convert leases to NNN over time through lease rollovers or modifications.
Positioned at one of the busiest intersections within Casa Grande, the center benefits from strong traffic counts of approximately 41,000 along Cottonwood and Trekell Roads and serves a growing, infill trade area. The remarks also note rapid population growth in the region and proximity “minutes from” Lucid Motors’ AMP 1 advanced manufacturing project.
With approximately 85 parking spaces, the property provides convenient on-site parking for a range of future tenancy. The current tenant reimbursement is described as rental tax only, creating an opportunity for the new owner to convert leases to NNN over time through lease rollovers or modifications.
Key Highlights
- Cottonwood Village is at a busy intersection with strong traffic counts: approx. 41,000 vehicles on Cottonwood and Trekell Rd
- Well‑maintained strip retail center with a new foam roof in 2018 and regularly serviced HVAC units
- Exterior updates include exterior painting, exterior lighting replacements, and 2025 parking lot patching, resealing, and re‑stripe
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $223.5k | $15.00 |
| − Vacancy | −$14.5k | −$0.98 |
| EGI | $209.0k | $14.03 |
| − OpEx | −$62.7k | −$4.21 |
| NOI | $146.3k | $9.82 |
14,901 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.09M
$1.83M – $2.44M
NOI $146,291 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.12M
$3.60M – $4.81M
NOI $288,368 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Kiva
Insurance Agency
L.A. insurance
Insurance Agency
Warriors Guild Martial ...
Training Center
International Minute Press
Marketing & Advertising
Goodruby Christian Bookstore
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Well-maintained strip retail center with superior CMU construction and approximately 85 parking spaces.
Where is this strip mall located?
The property is located at 973 E Cottonwood Ln Casa Grande, AZ.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Cottonwood Village is at a busy intersection with strong traffic counts: approx. 41,000 vehicles on Cottonwood and Trekell Rd; Well‑maintained strip retail center with a new foam roof in 2018 and regularly serviced HVAC units; Exterior updates include exterior painting, exterior lighting replacements, and 2025 parking lot patching, resealing, and re‑stripe
