0 Ashler Hills Dr, Scottsdale, AZ 85266
The Summit at Scottsdale, located at Scottsdale Rd. & E Ashler Hills Dr. in the 85266 zip code of Maricopa County, Arizona, presents a prime retail investment opportunity. This 190,611 square foot shopping center is the largest serving the affluent North Scottsdale, Cave Creek, and Carefree areas, boasting a high average household income. The property features a multi-tenant configuration with spaces ranging from a minimum of 1,106 square feet to a maximum contiguous space of 2,792 square feet. Currently, 3,898 square feet are vacant and available for lease. The center benefits from a strong anchor tenant presence, including a shadow anchor of Target and Safeway, along with several key junior anchors and a diverse mix of regional, national, and local tenants. Ample parking is provided, with a ratio of 5.3 spaces per 1,000 square feet. This location caters to both daily needs and high-end retail demands, making it an attractive investment for businesses seeking exposure to a high-income demographic. The property's strategic location in Scottsdale, Arizona ensures high visibility and accessibility for potential tenants and customers.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.