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Property profile & analytics
OFF-MARKET Estimated value $91,005,000
Outlet malls

24890 Lk Pleasant Pkwy Peoria, AZ 85383-1348

173,890 SF 15.29 ac lot Built 2006
Entity Owned 6-yr Hold Free & Clear
Property ID
US07-0923687
Property summary
AI-generated overview

This exceptional 25,000 square foot retail land parcel presents a unique investment opportunity in the thriving Peoria, Arizona market. Located at 24890 N Lake Pleasant Pkwy, this power center site offers unparalleled visibility and accessibility, situated in Maricopa County with a zip code of 85383. The entire 25,000 square feet is currently available for lease, providing a blank canvas for a diverse range of retail concepts. The property's strategic location ensures high traffic volume and exposure to a substantial consumer base. This is an ideal site for developers seeking to establish a new retail center or for existing businesses looking to expand their footprint in a high-growth area. The property's classification as a power center signifies its potential for large-format retail tenants, offering significant opportunities for long-term lease agreements and substantial returns on investment. The site's ample square footage allows for flexible design and development, catering to a variety of retail needs. With its prime location and significant size, this property represents a rare opportunity to secure a prominent position in the competitive Peoria retail landscape. The property is categorized as a multiple tenancy site, suggesting the potential for a diverse mix of businesses to create a vibrant and attractive retail destination. This presents a chance to create a synergistic retail environment that benefits all tenants. The property's location in Peoria, Arizona, offers access to a growing population and strong consumer spending. This is a compelling opportunity for investors and developers seeking a high-impact retail investment in a dynamic market.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2006
Construction CONCRETE
Total area 173,890 SF
Lot 15.29 ac (665,915 SF)
Zoning code PAD
APN 201-08-167A
UPID US07-0923687
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Pizza Hut Express Restaurant
  • CVS Pharmacy Pharmacy
  • Natalie Ouk Physician
  • Target Department Store
  • Nevzat Caliskanalp Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$91.01M
Blend (final) Blend
$91.01M
Owner & transaction history
City Of Peoria · 6 yrs held
City Of Peoria
since 2019
1 recorded transaction
2019
Price N/A
Zoning & alternative use
PAD · Peoria, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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