Shopping Strip

Chandler Business Center – Ten X Auction February 8th

6170 W Chandler Blvd, Chandler, AZ 85226

Listing Price: Request For Offer

Gross SF
23,194
Rentable SF
23,194
Lot Size
2.03 acres
Year Built
2002

Investment Overview

Online Auction: Feb 8 - Feb 10, 2021. For Auction details or to register to bid, please visit: https://www.ten-x.com/commercial/listing/preview/1000014177/?code=eyJ0eXAiOiJKV1QiLCJhbGciOiJSUzI1NiJ9.eyJsaXN0aW5nX2lkIjoyMDAxODY2MiwiZXhwIjo5Mzg0MDcxMDEyfQ.aMub7fQ0XNbxk7iiDW-ny0IY_OlU14a_Tnlsj1DT8WKk69Irn6_1seitCOu-9E0yltJpTJA5dkbWLuDs49qbnA Chandler Retail and Business Center is an approximately 23,194-square-foot retail and office building located at 6170 West Chandler Boulevard in Chandler, Arizona within the Phoenix MSA. Located in a densely populated and highly trafficked area, Chandler Retail and Business Center investors with an excellent opportunity to acquire a stable/cash flowing retail center that is anchored by Advance Auto Parts and complemented by a diverse tenant base. This single-story center is positioned on an expansive ±2.2 acre parcel and comprised of one building with excellent exposure and strategic frontage along Chandler Boulevard (over 31,525 vehicles per day), one of Chandler's principal thoroughfares. Built in 2002, the property has six units ranging in size from approximately 1,445 square feet to approximately 7,200 square feet with 18' ceiling height. The property is approximately 94 percent occupied by a dynamic tenant mix that has remained largely uninterrupted by the pandemic and offers strong in-place cash flow with over 320,000 in budgeted net operating income at current occupancy. The property is anchored by Advance Auto Parts (31 percent gross leasable area) and complemented by Gryphen Specialty Products (24.6 percent gross leasable area), Ashoka Indian Groceries, DeLex Realty and Boxing Therapy AZ. The leases in the Property are structured as net leases and many offer rent bumps and renewal options providing stable and predictable cash flow. Upside can be realized by absorbing the one vacancies totaling around 1,446 square feet (6.2 percent gross leasable area) with strategic complimentary essential businesses at long term market rates. Additionally, the staggered lease expirations provides the opportunity for the new buyer to push rents upon rollover to further grow net operating income.

Investment Highlights

  • 94 Percent Occupied with Diverse Tenant Profile - Significant Upside in Lease-Up of Existing Vacancy
  • High Traffic Location Along Chandler Boulevard (Over 31,525 Cars Per Day)
  • Nearly 56,300 Cars Per Day at the Nearby Intersection of West Chandler Boulevard and North Kyrene Road
  • One Mile West of Intel's Chandler Campus - Chandler's Largest Employer
  • Situated in the Middle of the West Chandler Employment Center, the City's Largest Employment Center - 249,900 Employees within a Five-Mile Radius
  • Average Household Income Exceeds $110,000 within Three Miles of Subject Property

Exclusively Listed By

Shopping Strip

Chandler Business Center – Ten X Auction February 8th

Listing Price: Request For Offer

Gross SF
23,194
Rentable SF
23,194
Lot Size
2.03 acres
Year Built
2002

Investment Highlights

  • 94 Percent Occupied with Diverse Tenant Profile - Significant Upside in Lease-Up of Existing Vacancy
  • High Traffic Location Along Chandler Boulevard (Over 31,525 Cars Per Day)
  • Nearly 56,300 Cars Per Day at the Nearby Intersection of West Chandler Boulevard and North Kyrene Road
  • One Mile West of Intel's Chandler Campus - Chandler's Largest Employer
  • Situated in the Middle of the West Chandler Employment Center, the City's Largest Employment Center - 249,900 Employees within a Five-Mile Radius
  • Average Household Income Exceeds $110,000 within Three Miles of Subject Property

Investment Overview

Online Auction: Feb 8 - Feb 10, 2021. For Auction details or to register to bid, please visit: https://www.ten-x.com/commercial/listing/preview/1000014177/?code=eyJ0eXAiOiJKV1QiLCJhbGciOiJSUzI1NiJ9.eyJsaXN0aW5nX2lkIjoyMDAxODY2MiwiZXhwIjo5Mzg0MDcxMDEyfQ.aMub7fQ0XNbxk7iiDW-ny0IY_OlU14a_Tnlsj1DT8WKk69Irn6_1seitCOu-9E0yltJpTJA5dkbWLuDs49qbnA Chandler Retail and Business Center is an approximately 23,194-square-foot retail and office building located at 6170 West Chandler Boulevard in Chandler, Arizona within the Phoenix MSA. Located in a densely populated and highly trafficked area, Chandler Retail and Business Center investors with an excellent opportunity to acquire a stable/cash flowing retail center that is anchored by Advance Auto Parts and complemented by a diverse tenant base. This single-story center is positioned on an expansive ±2.2 acre parcel and comprised of one building with excellent exposure and strategic frontage along Chandler Boulevard (over 31,525 vehicles per day), one of Chandler's principal thoroughfares. Built in 2002, the property has six units ranging in size from approximately 1,445 square feet to approximately 7,200 square feet with 18' ceiling height. The property is approximately 94 percent occupied by a dynamic tenant mix that has remained largely uninterrupted by the pandemic and offers strong in-place cash flow with over 320,000 in budgeted net operating income at current occupancy. The property is anchored by Advance Auto Parts (31 percent gross leasable area) and complemented by Gryphen Specialty Products (24.6 percent gross leasable area), Ashoka Indian Groceries, DeLex Realty and Boxing Therapy AZ. The leases in the Property are structured as net leases and many offer rent bumps and renewal options providing stable and predictable cash flow. Upside can be realized by absorbing the one vacancies totaling around 1,446 square feet (6.2 percent gross leasable area) with strategic complimentary essential businesses at long term market rates. Additionally, the staggered lease expirations provides the opportunity for the new buyer to push rents upon rollover to further grow net operating income.

Exclusively Listed By

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