1743 Broadway Rd Tempe, AZ 85282-1547

This exceptional Tempe, Arizona retail investment opportunity presents a stabilized, multi-tenant shopping center totaling 26,900 square feet on a 102,896 square foot lot. The property, located at 1743 E Broadway Rd, Tempe, AZ 85282, consists of two single-story buildings built in 1981 and features eight units with a diverse tenant mix including national brands like Dollar Tree and local favorites such as Ted's Hot Dogs and Cayden's Place. Currently operating at 100% occupancy, the center generates a substantial Net Operating Income (NOI) of $488,660, resulting in a compelling 6.98% capitalization rate. The asking price is $7,000,000, translating to $260.22 per square foot. The property is zoned PCC-1 and benefits from a fee simple ownership structure, making it ideal for a 1031 exchange. Key features include high visibility from Broadway and McClintock Roads, ample parking, and a high volume of vehicular traffic (approximately 63,000 vehicles per day). The property's relatively newer leases and below-market rent for upcoming end-cap space offer significant upside potential. This is a rare opportunity to acquire a well-positioned, high-performing retail asset in a thriving Tempe market. APN: 133-31-554 & 133-31-555.