8841 19th Ave Phoenix, AZ 85021-4295

Property Details for 8841 19th Ave

Year built

1971

Construction

CONCRETE

Lot size

8.19 lot acres

Property size

20,026 SF

Zone code

PSC

Property type

Strip malls

Property subtype

Neighborhood centers

APN

158-37-091G

APU

15837091G

Description

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.

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Longitude

-112.098

Latitude

33.5663

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments