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

NEC 51st Avenue & Baseline Road Laveen (Phoenix), AZ 85339

NEC 51st Avenue & Baseline Road, Laveen (Phoenix), AZ, 85339
NEC 51st Avenue & Baseline Road, Laveen (Phoenix), AZ, 85339
FOR SALE
Property Type:
Neighborhood Center
Amount:
$10,950,000
Last Verified:
Jan 18, 2018

  • 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.
  • 7.10% Cap Rate.
  • 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.

Additional URLs

Map of NEC 51st Avenue & Baseline Road, Laveen (Phoenix), AZ, 85339

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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.