Two-Tenant Retail Shopping
9945 W McDowell Rd, Avondale, AZ 85392
For Sale
New
Contact for pricing
The property is leased to Boot Barn and OX Korean BBQ.
Property Size24,500 SF
Price / SF$318.61
Days on Market5
Property Features for 9945 W McDowell Rd
General Information
Standard status
Size
Property subtype
Additional Details
Tenant in Place
Building Details
Tenancy
Listing Agency:
Matthews Real Estate Investment Services | Phoenix
(866) 889-0550
Listed By:
Josh Jenkins · License AZ BR687098000
(602) 708-2852
Source:
Moodyscre
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 2:22PM
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 Real Estate Investment Services | Phoenix
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Investment Insights
Based on property information with market context.
This 24,500-square-foot retail property in Avondale is leased to Boot Barn and OX Korean BBQ. The site is at 9945 W McDowell Rd, Avondale, AZ 85392.
Key Highlights
- 24,500 SF retail property
- Leased to Boot Barn and OX Korean BBQ
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$412,335
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,246,700
$8.2M
Cap Rate 7%
$5,890,500
$5.9M
Cap Rate 9%
$4,581,500
$4.6M
Market Conditions
NOI Build-Up for 24,500 SF
Gross rent
$588.0K $24.00/SF
− Vacancy
−$38.2K −$1.56/SF
EGI
$549.8K $22.44/SF
− OpEx
−$137.4K −$5.61/SF
NOI
$412.3K $16.83/SF
Area
Maricopa County, AZ
Vacancy
6.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,246,700
Cap Rate 7%
$5,890,500
Cap Rate 9%
$4,581,500
Alternative Uses
Best Use
Specialty Retail
$5.89M
$5.15M – $6.87M
NOI $412,335 @ 7.0% cap · market cap 5.28%
Second Best
Retail
$4.41M
$3.86M – $5.15M
NOI $308,906 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$7.58M
$6.63M – $8.84M
NOI $530,496 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
813
Businesses Nearby
536k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 34%
Apparel 29%
Shops & Services 19%
Dining 9%
Costco Wholesale
Superstores
181,342 visits/mo
0.3 miles
Costco Gasoline
Shops & Services
80,087 visits/mo
0.3 miles
Marshalls
Apparel
61,500 visits/mo
0.4 miles
Harkins Theatres Gateway Pavilions 18
Leisure
44,313 visits/mo
0.4 miles
Burlington
Apparel
41,606 visits/mo
0.3 miles
Demographics for 85392, AZ
40,363
Population
14,481
Households
2.8
Avg Household Size
33
Median Age
25%
College-Educated
92%
High-School Grad
9.7 sq mi
ZIP Area
4,161
Density / Sq Mi
$84,965
Median Household Income
$47,259
Median Earnings
$1,829
Median Rent
$364,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Shopping centers in Maricopa County
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Park 10 — 10321 W McDowell Rd, Avondale, AZ 85392
- Gateway Village — 10273 W McDowell Rd, Avondale, AZ 85392
Frequently Asked Questions
What type of property is this?
Shopping center - The property is leased to Boot Barn and OX Korean BBQ.
Where is this shopping center located?
The property is located at 9945 W McDowell Rd Avondale, AZ.
What is the asking price?
The asking price for this property is $7,806,000.
What are key features of this property?
This property features: 24,500 SF retail property; Leased to Boot Barn and OX Korean BBQ
