San Tan Valley, AZ 85140
- Retail properties
- 9,002 SF
- 2.63 lot acres
Current Use by Public Records
- Retail properties
Property Details
- Year built
- 2024
- Lot size
- 2.63 lot acres
- Property size
- 9,002 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional retail investment opportunity presents a brand-new, 9,002 square-foot freestanding building situated on a 2.63-acre lot in the rapidly growing San Tan Valley, Arizona. Completed in 2024, the property boasts 100% occupancy with a diverse tenant mix including Dutch Bros. Coffee, Subway, and Domino's Pizza, all operating under NNN leases with scheduled rental increases. The center features convenient drive-through access and ample parking with 104 spaces. The property is zoned C-3: General Commercial and offers a strong net operating income (NOI) of $500,730, resulting in a compelling 5.75% cap rate. The asking price is $8,708,000, translating to $967.34 per square foot. Located south of the southeast corner of Ironwood and Pima Roads (APN 104-24-003W), this fee-simple ownership (land and building) benefits from its position within master-planned communities and a thriving commercial area, supported by strong demographics within a 5-mile radius. The property's exceptional location, strong tenant lineup, and impressive financial performance make it an ideal addition to any investment portfolio. This is a rare opportunity to acquire a high-performing, newly constructed retail center in a prime location with significant growth potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Tan Valley
- County
- Pinal
- State
- Arizona
- Longitude
- -111.563
- Latitude
- 33.2635
