Investment Overview

Marcus & Millichap presents The Shops at Sierra Crossings, a fully-leased, multi-tenant retail center in Scottsdale, Arizona. The property includes six established national and regional tenants: Papa John’s Pizza, Super Cleaners, Ancala Nails, Hawaiian Experience Spa, Elie’s Paradise Salon, and K9 Pets Luxury Hotel. An adjacent 15,000-square-foot Walgreens, though not included in this offering, complements the center's tenant mix. Located at the intersection of North Frank Lloyd Wright Boulevard and East Via Linda Road, Sierra Crossings has high visibility and accessibility within a prominent Scottsdale retail area. The property consists of a freestanding single-tenant building occupied by K9 Pets Luxury Hotel and a multi-tenant retail building, totaling approximately 17,955 square feet of leasable space. Built in 2001, it includes low-maintenance landscaping, south-facing storefronts, and front and rear parking for both customers and tenants. Sierra Crossings has frontage along Via Linda Road, with exposure to over 40,000 vehicles daily. It is located three miles from the Loop 101 Freeway, providing access to the greater Phoenix area. The property is across from an Albertsons grocery-anchored shopping center with tenants including Starbucks, McDonald’s, Domino’s Pizza, UPS Store, Great Clips, and Chevron, which drives significant consumer traffic. Ancala Village, a nearby shopping center managed by Vestar, also draws customers with tenants such as EOS Fitness, Chase Bank, Wells Fargo, Ace Hardware, Dollar Tree, and various restaurants and service providers. The area surrounding Sierra Crossings has an average household income of over $110,000 within a one-mile radius. Nearby, the McDowell Mountain Foothills and several multifamily communities contribute to the property’s customer base. The adjacent 170-unit Andara retirement community also supports traffic to the center. Other attractions, including Ancala Country Club and Frank Lloyd Wright’s Taliesin West, are located nearby.