FOR SALE: NNN Leased Daycare Property | Phoenix AZ

Price: $425,000
Cap Rate: 9.3%
Building Size: 1,960 SF
Property Type: Retail
Total Lot Size: 0.2 Acres
Year Built: 1950

Highlights

NNN Lease through 7/31/2022
Tenant Responsible for all Property Maintenance
Property Renovated in 2017
Daycare Location for over 50 Years
Established East Phoenix Location
Close Proximity to SR-51 Freeway

Description

2946 East Cheery Lynn Road is a 1,960 square foot freestanding building, fully occupied by Little Explorer's Learning Center. The tenant currently has two other Phoenix locations. Their current lease runs through the middle of 2022. The property was completely renovated in the beginning of 2017, including additional plumbing, updated electrical, renovated restrooms, and new carpet, tile and interior paint. This property has been occupied by a daycare center for over 50 years.

Location

The property is located within a residential neighborhood in East Phoenix, off of 30th Street between Osborn and Thomas Road. The SR-51 Freeway is located less than one mile to the east of the property. Also less than one mile away is the Phoenix Children's Hospital.

For more information, click here: NNN Leased-2946 E. Cheery Lynn_Sale_Brochure

FOR SALE: Shadow Anchored by Fry’s (Kroger) Grocery Store | Fully Occupied | Gilbert, AZ

PRICE: $3,592,204
BUILDING SIZE: 21,900 SF
PROPERTY TYPE: Retail
LOT SIZE: 3.73 Acres
YEAR BUILT: 2005

Highlights
Shadow Anchored by Fry’s (Kroger) Grocery Store
Recently Leased to 100%
Located along the Loop 202 Retail Corridor in Gilbert, AZ
Two Miles North of Loop 202 Freeway on Going Home Side
2005 Construction with an Average Rent of $11.76
Average Household Income of $98,000 within One Mile
Highly Desirable Southeast Valley Location of Phoenix

Description
Gilbert Fiesta II is a Fry’s (Kroger) shadow anchored retail shopping center in Gilbert, Arizona. The 21,900-square foot shopping center was built in 2005 in the booming southeast valley of Phoenix. Gilbert Fiesta II is currently 100% occupied with local and national tenants, including Leslie’s Swimming Pool Supplies, State Farm, and Battery Giant, to name a few. The offering is a part of the larger shopping center known as Gilbert Fiesta I, which is approximately 102,000 SF. National tenants in phase I include Peter Piper Pizza, AutoZone, Nationwide Vision, KFC, Subway, Freddy’s Custard Burger, and Baskin Robbins, to name a few.

Gilbert Fiesta II is located just north of the Loop 202 freeway and within proximity to multiple new developments of retail, office, automotive, education, and residential. Multiple dominant retail centers including Macerich’s San Tan Village and Vestar’s Crossroads Towne Center are within a few miles of the site. Located directly south of the site is the Chandler 202 Auto Mall and Rivulon Corporate Office Campus, a Nationwide Insurance development. Lastly, the Chandler – Gilbert Community college is located approximately one mile from the site, with a total enrollment of 19,000 students.

For more information: Gilbert Fiesta II-Sale_Brochure (email)

SOLD: Bell Plaza Retail Center | Phoenix, Arizona

 

ORION Closes Bell Plaza in Northwest Phoenix
June 20, 2017 | Phoenix, AZ

PHOENIX – ORION Investment Real Estate is pleased to announce the sale of Bell Plaza, located at the signalized corner of 17th Avenue and Bell Road, for $3,275,000 ($229/SF). Bell Plaza is a 14,320 square foot strip center, situated on approximately 1.41 acres. With ample on-site parking and visible monument signage, the property has always maintained a higher than market occupancy rate for the immediate area. The property boasts good demographics with over 135,000 people within a three mile radius. Bell Plaza has a great mix of national and local tenants, including Cricket Wireless, Amelio’s Pizza, and Finish Line Bar, to name a few. At the time of sale, there was only one small vacant space.

Nick Miner, CCIM of ORION Investment Real Estate represented the Seller in this transaction. "Buyer was in a 1031 exchange and identified this property as their replacement. Both Buyer and Seller were able to achieve a win-win on this transaction,” noted Miner.

The Buyer, S.M.G. Investments, LLC, was self-represented and said of Nick Miner, "Thank you for your assistance and professionalism in this trade."

 

Bell Plaza
1704-1728 West Bell Road
Phoenix, Arizona 85023
Year Built: 1974
14,320 SF

Related Links:

ORION Closes Bell Plaza in Northwest Phoenix - Real Estate Daily News
ORION Closes Bell Plaza in Northwest Phoenix - Commercial Executive Magazine
CCIM Dealmakers - CCIM.com

SOLD: NNN Investment Property Sold, Occupied by National Tenant

2319 S Val Vista

NNN Investment Property Sold, Occupied by National Tenant

GILBERT – The single-tenant, NNN investment property sold for $750,000 ($271.05) with a national automotive tenant in place - AAMCO. Located in a fast-growing area of Gilbert, this property was constructed in 2005 with an attractive exterior to match the new and upcoming neighborhood.

Nick Miner, CCIM, Senior Vice President, at ORION Investment Real Estate represented the Seller in this transaction. Miner said, "I have been involved at this intersection since 2003 when I helped the original developer (Tunex) purchase the land from the original developer (Gabel Investments). I sold the property to the seller in 2006 as a net leased investment. Unfortunately, during the downturn the original tenant filed bankruptcy. The tenant, AAMCO, immediately took advantage of the opportunity to lease the property. The Buyer was a related entity to the tenant, AAMCO. They wanted the opportunity to own the real estate instead of leasing it, especially since it was a proven location for them."

The Seller was Jeffery H. Cranor, represented by ORION. The Buyer, PH Val Vista Williams Field, LLC, was not represented by a broker.

AAMCO Building
2319 South Val Vista Road
Gilbert, Arizona 85296
2,767 SF
Year Built: 2005

Related Stories:

SOLD: Sunrise Plaza Sells at Full Occupancy

Sunrise Plaza

PHOENIX – ORION Investment Real Estate is proud to announce the sale of the three-tenant retail center for $1,500,000 ($159/SF). Sunrise Plaza, anchored by Sunrise Preschool and IntelliSchool, was 100% occupied at close of escrow. The sale included Alyeshmeni Chiropractic, IntelliSchool, and CrossFit BCR. The sale did not include Sunrise Preschool, the anchor tenant for the property, which occupies the western-most portion of the project.

Nick Miner, CCIM, Senior Vice President at ORION Investment Real Estate, represented the Seller in this transaction. Miner said, "Both Buyer and Seller were able to achieve their goals. Buyer receives a great property with a stable, good mix of tenants, and Seller is able to redeploy working capital into other projects."

The Seller in this transaction was GRRO III LLC, represented by Nick Miner, CCIM and J.T. Taylor at ORION. The Buyer, Seven Hills Phoenix LLC, was represented by Sean Thomas at SRS.

Sunrise Plaza
1427 East Bell Road
Phoenix, Arizona 85022
± 9,447 SF
Built in 2007

Related Links:
Sunrise Plaza Sells at Full Occupancy -  Real Estate Daily News

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