For Sale: Rogers Ranch Shopping Center Phoenix | 100% Occupied | AutoZone and Taco Bell Pads Included

LIST PRICE
$10,950,000
CAP RATE
6.63%
RENTABLE SF
±34,575
LAND SIZE
±6.81 Acres

 

Investment Highlights
  • Rogers Ranch is ±100% occupied with a complimentary mix of tenants, including; Taco Bell, AutoZone, Jimmy John’s, Native Grill & Wings, Little Caesars Pizza and AT&T, among others.
  • Additional retailers within the Rogers Ranch Shopping Center include CVS, Carl’s Jr., and Panda Express.
  • The Shoppes at Rogers Ranch offer very attractive rental increases across the majority of the tenancies.
  • AutoZone has below market rent of $69,576 or $9.45/SF annually, creating tremendous long-term upside at less than half the market rent. Taco Bell is also on a ground lease with below market rent.
  • Strategically located on the NEC of 51st Avenue & Baseline in Phoenix, AZ. The intersection has more than 500,000 square feet at nearly 100% occupancy and includes national major retailers: Home Depot, Fry’s (Kroger), LA Fitness and Safeway, to name a few.
  • Offered free and clear of existing financing. Available for immediate close of escrow.
Contact Information
Joseph R Compagno
First Vice President
Investment Properties
Net Lease Property Group
CBRE | Capital Markets
O:  602-735-1733VIEW WEBSITE
joe.compagno@cbre.com
Twitter: @JoeCompagnoCRE
Andrew K Fosberg
Senior Vice President
Investment Properties | Retail
CBRE | Capital Markets
O:  602-735-1723VIEW WEBSITE
andrew.fosberg@cbre.com
Twitter: @AndrewFosberg