TEMPE CROSSING
Retail | 5.20% CAP | 5,634 SqFt
Investment highlights
INVESTMENT HIGHLIGHTS
Two tenant, fee simple property sitting on 1.3 acres of well-located real estate along the I-10 & Ray Road corridor – connecting Tempe, Chandler, Phoenix and the strong, affluent sub-market of Ahwatukee
High-credit, corporate guaranteed tenancy, with Black Rock Coffee Bar (NASDAQ: BRCB) who has over 175 locations nationally and 55+ locations in Arizona alone
Tested location - this Black Rock Coffee is the company’s 13th most trafficked location in the nation, according to Placer.ai
Compounding income growth, with all tenants having 10% rent increases every five years in primary term and option periods
Dynamic retail intersection with the regional shopping mall Chandler Pavilions just to the southwest and adjacent to the Shoppes at Casa Paloma
Notable tenants at the intersection include: Lowe’s, AJ’s Fine Foods, Sam’s Club, Home Depot, Pottery Barn, Ulta Beauty and many more
LOCATION HIGHLIGHTS
Strong visibility on Priest Drive & Ray Road with over 66,000 vehicles per day at the intersection
Highly affluent trade area with an average household income of nearly $144,000 within a 3-mile radius
Located just a 5-minute drive away from Intel Corporation’s 680+ acre Chandler Campus, the company’s second largest site in the U.S., and the largest employer in Chandler with ±11,300 employees
Less than a half mile from the I-10, with over 191,000 vehicles per day and connects Tucson to Phoenix
Dense neighborhoods surround the property, with nearly 213,000 residents in a 5-mile radius
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