Shopping Strip

Kids Empire | Salvation Army

1849 W Greenway Rd, Phoenix, AZ 85023

Listing Price: $5,583,000

Cap Rate
6.75%
Gross SF
43,172
Rentable SF
43,172
Price/Gross SF
$129.32
Lot Size
4.03 acres
Year Built
2000

Investment Overview

Built in 2000, the subject property is a 43,172 square foot building that sits on over 4 acres of land. The property benefits from being located on the southeast corner of 19th avenue and Greenway road seeing over 60,000 cars per day. These cross streets also directly connect to Interstate 17, Loop 101, and State Route 51 making the property easily accessible.

Investment Highlights

  • 4+ Acre Parcel With Corner Visibility
  • Both Leases 7+ Years Remaining - Long Term Stability
  • Replaceable Rents at $9.10 and $8.50
  • Sees over 60,000 VPD on the Corner of 19th and Greenway
  • Kids Empire Rent Bump in 2024 - 7.02% CAP
  • Located at the Southeast Corner of 19th Ave. and Greenway Rd., Which Connect Directly to Interstate 17, Loop 101, and State Route 51
  • Both Tenants Cover NNN Expenses

Exclusively Listed By

Shopping Strip

Kids Empire | Salvation Army

Listing Price: $5,583,000

Cap Rate
6.75%
Gross SF
43,172
Rentable SF
43,172
Price/Gross SF
$129.32
Lot Size
4.03 acres
Year Built
2000

Investment Highlights

  • 4+ Acre Parcel With Corner Visibility
  • Both Leases 7+ Years Remaining - Long Term Stability
  • Replaceable Rents at $9.10 and $8.50
  • Sees over 60,000 VPD on the Corner of 19th and Greenway
  • Kids Empire Rent Bump in 2024 - 7.02% CAP
  • Located at the Southeast Corner of 19th Ave. and Greenway Rd., Which Connect Directly to Interstate 17, Loop 101, and State Route 51
  • Both Tenants Cover NNN Expenses

Investment Overview

Built in 2000, the subject property is a 43,172 square foot building that sits on over 4 acres of land. The property benefits from being located on the southeast corner of 19th avenue and Greenway road seeing over 60,000 cars per day. These cross streets also directly connect to Interstate 17, Loop 101, and State Route 51 making the property easily accessible.

Exclusively Listed By

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