3500 John F. Kennedy Pkwy
Retail | 7.27% CAP | 41,225 SqFt
Marketing description
RE/MAX Commercial Alliance is proud to offer this exceptional opportunity to acquire a fully leased NNN property, available for the first time since its construction.
Situated at 3500 John F. Kennedy Parkway in the vibrant midtown district, this trophy asset sits just steps from the redeveloped Foothills Mall and Marriot Hotel, surrounded by an abundance of dining, shopping, and lifestyle amenities. This dynamic location combines visibility, accessibility, and walkability a winning combination for long-term value.
Containing 41,225 building SF across four levels, this striking property offers abundant parking, expansive natural light, and modern interiors, complemented by a contemporary monument sign for maximum exposure. The well-balanced tenant roster features a mix of established professional office and medical tenants, delivering 100% occupancy.
An additional 0.875 acre pad site is available for sale separately, unlocking future development or expansion potential in a high-demand corridor where opportunities are scarce.
This is a turnkey, income-producing asset in a prime location where quality investments rarely come to market.
Investment highlights
- Improved 7.27% Cap Rate Based on Actuals. 100% Occupied.
- Seller Carry Avail to Viable Buyers at 5.25% Interest, 1/3rd Down Payment, and 5 Year Balloon.
- 2026 NOI Based on Actual Leases $629,000. Includes 5% Vacancy and Management.
- 41,225 Building SF / 37,507 Rentable SF on 2.43 Acres of Land. Additional 0.875 Acre Pad Site For Sale At $400,000 ($10.50 Per SF).
- Year Built 1984 / 2008 Major Interior Remodel and New HVAC Completed.
- New Roof in 2024.
- Well Managed with Reliable Financial Information.
- Elevator Served Building, Complete with Major Interior Upgrades and Elegant Landscaping.
- Thoughtful Tenant Mix to Incl 16 Tenants, Multiple National Tenants.
- 148 Parking Spaces (3.89 parking ratio).
- Located Within the General Commercial Zone District.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
