NNN 100% leased asset for sale
12032-12036 N. Cave Creek Rd.
Phoenix, AZ 85020
- AAMCO Transmissions
- Reign of Thai Restaurant
- Outfront Media Billboard
- High Visibility
- Dense Population
- Over 28,000 VPD on Cave Creek Road
- Over 42,000 VPD on Cactus Road
- Multi-tenant C-2 property
- Billboard Income
- 18 Minutes to Sky Harbor International Air Port
- High Traffic Intersection
NNN Multi-tenant Property
Phoenix’s retail sector continues to have steady improvement.
Store closures, which have been much less frequent in
the past several quarters, have had a negligible impact
on fundamentals. Retail vacancies in the Valley are well
below their historical average, which has coincided with
healthier rent growth as of late.
Overall, strong tenant demand—bolstered by robust job
and population growth—has enabled absorption to
outpace supply additions for eight consecutive years.
The firming up of fundamentals has translated into robust
rent growth in Phoenix's retail market. While most of the
nation has seen rent growth slow, gains in Phoenix are
gaining traction thanks to elevated retail demand in one
of the nation's fastest-growing markets.