Net Lease | Palm Beach Tan

1819 N Scottsdale Rd North Scottsdale Road Scottsdale, AZ 85257

Scottsdale
FOR SALE
Property Type:
Single Tenant Retail (NNN)
Amount:
$2,213,000
Cap Rate:
5.25%
Last Verified:
Jun 10, 2024

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- PRIME VISIBLE LOCATION - Property has direct frontage on Scottsdale Rd (±43,310 VPD) near the highly-trafficked intersection of Scottsdale Rd and McDowell Rd, and is minutes from the Loop 101 and Loop 202 freeways. - AFFLUENT DEMOGRAPHICS - Located in one of the most affluent municipalities in Arizona, Average Household Income exceeds $130,000 with a population of 106,026 within 3 miles. (SitesUSA) - CENTRALLY LOCATED - There are numerous amenities within 5 miles of the property, including, LA Fitness, a proposed Sprouts-anchored center, and ASU Skysong - a 1.2 million-square-foot mixed-use project featuring class A office, retail, restaurants, as well as hotel and apartments. - LUXURY LIFESTYLE - Property is minutes from Old Town Scottsdale, which features many luxury retailers (Gucci, Louis Vuitton, Dior) as well as high-end restaurants (Nobu, STK, Ocean 44).

Additional URLs

Map of 1819 N Scottsdale Rd North Scottsdale Road , Scottsdale, AZ, 85257

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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.