Listed by Phoenix Commercial Advisors
$22,537,000
POINTE 17
Details
APN 204-11-020,204-11-022
Property Type Retail
Sub Type Shopping Center
Square Footage 28,961
Units 13
Cap Rate 5.75%
NOI $1,295,882
Occupancy 100%
Tenancy Multi
Brand/Tenant Heartland Dental, Blo Dry Bar
Lease Type NNN
Rent Bumps Yes
Price per SqFt $778
Year Built 2025
Acreage 1.030
Zoning C-2 (Intermediate Commercial)
Investment Type Stabilized
Retail | 5.75% CAP | 28,961 SqFt
Marketing description
Pointe 17 | 5.75% Cap | 28,961 SF | 100% Leased
Pointe 17 is located along Dove Valley Road; situated on the south side; just west of 29th Avenue.
Investment highlights
- Pointe 17 is 100% leased to an ideal mix of internet-resistant tenants
- All tenants have strong scheduled rent increases, compounding income growth
- New high-quality construction with modern architectural features, providing low maintenance for future investor
- Rare opportunity to acquire a new construction retail property that has below market rents
- Just off Interstate 17 with a full-diamond interchange and nearly 129,000 vehicles per day
- Across the highway from the new $165B+ TSM Semiconductor Plant, the largest foreign direct investment in U.S. history and an employment generator bringing +/-6,000 direct manufacturing jobs and another +/-20,000 total unique construction jobs, and tens of thousands of indirect jobs in this decade
- Across the highway from Halo Vista, a 30M SF master-planned city within a city featuring industrial, multifamily, retail, office, education, research, and healthcare space, which is set to become Arizona's third-largest employment center supporting up to 100,000 new jobs
- Other nearby employers include Sonoran Health Care, W.L. Gore, Fry's, Home Depot, and Deer Valley Unified School District 97
- High-income area with an average household income of over $163,000 within a 5-mile radius
- Immediately adjacent to proposed multi-family project with +/-362 units, providing consistent customer flow to tenants
Listing Contacts
Listed by Phoenix Commercial Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,295,882.00
$107,990.17/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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