Entity Owned Property summary
This 101,269 square foot, 98.7% occupied shopping center in Phoenix, Arizona, presents a compelling investment opportunity. Located at 8841 N 19th Ave, 85021, this multi-tenant property boasts a diverse lineup of 15 established businesses, including a prominent El Rancho IGA Market, dd's Discounts, Shoe Palace, and UnitedHealthcare. The center benefits from a synergistic tenant mix catering to the needs of the densely populated surrounding area, with over 164,293 people within a 3-mile radius. Built in 1962 and renovated numerous times, the property features 319 parking spaces and is zoned PSC (Planned Shopping Center). The property enjoys a high traffic count of 85,000 vehicles per day and is conveniently located near a major light rail station. Recent long-term leases with dd's Discounts, Shoe Palace, and ArchWell Health (UnitedHealthcare guaranty) further enhance the investment's stability and value-add potential. The asking price is $18,440,000, translating to $182.09 per square foot. This Net Leased (NNN) investment offers a stabilized income stream with significant upside potential in a prime Phoenix location. The property's APN is 158-37-091G and 158-37-091F.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
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Hair Salon
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Mobile Phone Store Electronics & Wireless Store
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Atm
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Mobile Phone Store Electronics & Wireless Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The intent of PSC district is to provide for well designed retail shopping facilities in appropriate locations and, farther, that the district snail be laid out and developed as a unit according to an approved plan so th…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
PSC · Phoenix, AZThe intent of PSC district is to provide for well designed retail shopping facilities in appropriate locations and, farther, that the district snail be laid out and developed as a unit according to an approved plan so th…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The intent of PSC district is to provide for well designed retail shopping facilities in appropriate locations and, farther, that the district snail be laid out and developed as a unit according to an approved plan so th…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PSC in Phoenix, AZ.
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