9325 E Shea Blvd Scottsdale, AZ 85260

94 Hundred Shea is a 73,683 square foot mixed-use retail and office center located along East Shea Boulevard in the heart of North Scottsdale, Arizona. Built in 2007 and currently 100% leased, the property generates $1,716,071 in NOI and is offered at $28,360,000, reflecting a 6.05% cap rate. With a weighted average lease term of 5.25 years and multiple tenants paying below-market rents, the center presents investors with a rare combination of immediate, stabilized cash flow and meaningful mark-to-market upside in one of the Phoenix metro's most desirable and supply-constrained retail submarkets. The center's tenant roster is a carefully assembled mix of nationally recognized brands and locally entrenched operators spanning dining, wellness, beauty, medical, and professional services. Anchor food and beverage tenants include First Watch, Ling & Louie's Asian Bar and Grill, Salt + Lime Modern Mexican Grill, and Rosebud Steakhouse, while service and wellness tenants such as Elements Massage, Blo Blow Dry Bar, V's Barbershop, Emmi D SalonSpa, and Scottsdale Hand and Foot Spa drive consistent daily visits and repeat patronage. Complementing the retail component is 35,000 square feet of fully leased Class A office space occupied by 94 Hundred Corporate Center, contributing 250 on-site employees who further activate the center throughout the business day. The property benefits from an irreplaceable location directly adjacent to HonorHealth Scottsdale Shea Medical Center, a 427-bed full-service hospital campus and Caremark Hub employing over 2,000 workers, providing a built-in, recession-resistant customer base that insulates the center from the demand volatility that affects more isolated retail assets. Shea Boulevard's 83,135 vehicles per day, combined with direct access to the high-income Fountain Hills corridor, ensures exceptional visibility and accessibility. The surrounding trade area commands average household incomes of $164,062 within 1 mile and $188,002 within 5 miles, an affluent consumer profile that aligns directly with the center's dining, wellness, and experiential retail offering. For investors, 94 Hundred Shea represents a low-risk, high-quality acquisition in one of the Southwest's most sought-after retail markets, with the added optionality of an adjacent 3.595-acre land parcel available for separate or combined acquisition at $6,000,000. Zoned C-O and requiring no rezoning, the parcel supports a range of by-right uses including medical office, professional office, retail, and age-restricted multifamily development structured as a Medical Residential Facility, an especially compelling opportunity given the site's immediate proximity to HonorHealth and the surrounding area's concentration of active, older-adult residents. Whether targeted by 1031 exchange buyers seeking a dependable replacement property, developers looking to capitalize on a rare entitled infill site, or institutional investors allocating to the Sun Belt, 94 Hundred Shea offers the kind of stabilized, well-tenanted profile paired with meaningful mark-to-market upside that is increasingly difficult to source in today's market.