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3225 W Peoria Ave West Peoria Avenue Phoenix, AZ 85029

3225 W Peoria Ave West Peoria Avenue , Phoenix, AZ, 85029
3225 W Peoria Ave West Peoria Avenue , Phoenix, AZ, 85029 3225 W Peoria Ave West Peoria Avenue , Phoenix, AZ, 85029 3225 W Peoria Ave West Peoria Avenue , Phoenix, AZ, 85029
FOR SALE NNN Property
Property Type:
Free Standing Building
Amount:
$3,333,000
Cap Rate:
5.40%
Last Verified:
Apr 29, 2024

EXCELLENT PROPERTY VISIBILITY Subject property features direct frontage on W Peoria Ave (±48,000 VPD), and is less than 1 mile away from I-17 (±217,000 VPD) a main north-south Arizona thoroughfare. STRONG RETAIL SYNERGY Located in a retail infill corridor, nearby tenants include Chick-fil-A, Starbucks, Ross Stores, PetSmart, Burlington, and many others. OUTSTANDING DEMOGRAPHICS The site sits in the middle of a dense populous area with over 450,000 residents in a 5-mile radius with an average household income of over $92,000. ADJACENT TO MASSIVE NEW DEVELOPMENT Seconds away from the $1 billion redevelopment of Metrocenter Mall. The project will include over 350,000 SF of new mixed-use commercial space as well as ±3,700 new multifamily units.

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Map of 3225 W Peoria Ave West Peoria Avenue , Phoenix, AZ, 85029

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.