Listed by Phoenix Commercial Advisors
$36,950,000
Crossroads at Tolleson
Details
APN 102-53-004J
Property Type Retail
Sub Type Shopping Center
Square Footage 98,343
Units 31
Cap Rate 6.54%
NOI $2,416,152
Occupancy 99%
Tenancy Multi
Brand/Tenant Alliance Urgent Care, OneMain Financial
Year Built 2006
Buildings 8
Acreage 11.877
Zoning C-2 General Commercial District
Parking Spaces 554 spaces
Parking Per SqFt 5.63
Investment Type Stabilized
Retail | 6.54% CAP | 98,343 SqFt
Marketing description
Crossroads at Tolleson | 6.54% Cap | 98,343 SF | 99% Occupied
Location Description
Crossroads at Tolleson is located along McDowell Road; situated on the south side; just east of 99th Avenue
Investment highlights
- Most dominant West-Valley intersection and regional shopping destination with powerful co-tenancy at the intersection (Costco, Best Buy, Ross, Harkins Theatres, Hobby Lobby, Main Event, Sprouts Farmers Market and more)
- 12 high-profile end-caps
- Strong historic occupancy, lease extensions, and recent lease-up show strength of center and demand of trade area
- Historical CAGR of 3.44% from 2020-2026
- Anchored by NAPA Auto Parts, with over 6,000 NAPA Auto Parts stores and more than 18,000 NAPA AutoCare and AutoCare Collision Centers nationwide
- Limited shop vacancy at the intersection with just ±5,850 square feet of vacant shop space out of over 1.2 million SF of total retail space
- Two (2) 90' high pylon signs facing the I-10 and Loop 101
- Attractive breakup strategy through parcellation for future investor
- This regional shopping center serves the residents of Avondale, Phoenix, Glendale, Litchfield, and Tolleson
- Located at the SEC of 99th & McDowell, at the connection of two major highways, the I-10 & Loop 101
- One of the highest traffic counts in the state of Arizona with over 371,000 vehicles per day
- Strong daytime employment in the immediate area with over 107,000 workers within 5-miles
- The West Valley is one of the fastest growing housing areas of metro Phoenix with over 7,564 new homes platted, planned and under construction just in the immediate trade area alone
- Crossroads resides in Maricopa County which is one of the fastest growing county in the United States
Listing Contacts
Listed by Phoenix Commercial Advisors
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$2,416,152.00
$201,346.00/mo
Valuation Metrics
0
DSCR
6.54%
Cap Rate
6.54%
ROI
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