15255 Northsight Blvd Scottsdale, AZ 85260-2602

Property Details for 15255 Northsight Blvd

Year built

1999

Lot size

12.06 lot acres

Property size

129,466 SF

Zone code

C-3

Property type

Outlet malls

APN

215-52-101

APU

21552101

Description

This exceptional Scottsdale, Arizona storefront presents a compelling investment opportunity. The property, located at 15255 N Northsight Blvd, encompasses 128,159 square feet on a 12.06-acre lot and features a single-story building constructed in 2000. Currently 100% occupied by At Home, a national retailer with over 250 locations, the property benefits from a long-term absolute NNN lease expiring March 31, 2037, providing 12.4 years of remaining lease term. The lease includes 2% annual rent increases, ensuring consistent income growth. The property boasts a strong net operating income (NOI) of $1,078,857, resulting in a 6.50% capitalization rate and a price per square foot of $129.51. The asking price is $16,597,805. This prime location within a sought-after North Scottsdale retail corridor offers excellent visibility and accessibility, situated near major national retailers such as Walmart, Costco, Best Buy, and Target. The surrounding area demonstrates strong demographics, with a high average household income of $170,251 within a 5-mile radius and approximately 167,013 residents. The property's strong tenant, corporate guarantee, and long-term lease make it an attractive, low-risk investment with significant upside potential. The property's APN is 215-52-101. This is a rare opportunity to acquire a trophy asset in a thriving market.

Location Insight

City

Scottsdale

County

Maricopa

State

Arizona

Longitude

-111.895

Latitude

33.6223

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments