4301 N Civic Center Plz, Unit | Scottsdale Scottsdale, AZ 85251
- Bars
- 2,274 SF
- 0.11 lot acres
Current Use by Public Records
- Drag Queen Show Scottsdale - Illusions Drag Dinner & Drag Brunch Scottsdale / Performing Arts Theater
- i-MAD / Restaurant / Bar
Property Details for 4301 N Civic Center Plz
- Year built
- 1984
- Construction
- CONCRETE
- Lot size
- 0.11 lot acres
- Property size
- 2,274 SF
- Zone code
- C-3
- Property type
- Bars
- APN
- 173-40-064B
- APU
- 17340064B
Description
This exceptional investment opportunity presents a thriving bar and storefront located at 4301 N Civic Center Plaza in Scottsdale, Arizona. The property boasts a substantial 3,280 square feet situated on a 0.11-acre lot (APN 173-40-064B), operating under a 12-year NNN lease with a remaining term of 12 years. The current tenant, I-Mad Bar and Kitchen, generates a strong net operating income (NOI) of $126,000, yielding a compelling 4.00% cap rate at an asking price of $3,150,000. The property is zoned C-3/P-Z, Scottsdale, and was built in 1984. The lease features a flat rent until August 31, 2024, followed by a 5% annual increase commencing September 1st, 2024. This ensures consistent and growing income for the investor. This single-tenant property offers a secure and profitable investment in a desirable Scottsdale location, providing a stable and attractive return on investment. The property's strong tenant, favorable lease terms, and prime location make this an exceptional opportunity for discerning investors seeking a high-performing asset in a thriving market. The property is conveniently located in Maricopa County, Arizona, with the zip code 85251.
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
- Scottsdale
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.921
- Latitude
- 33.4991
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
