TROPHY ASSET | BLACK ROCK COFFEE & MULTI-TENANT SHOPS | Surprise, AZ

SWC of Prasada Pkwy & Waddell Rd Suprise, AZ

SWC of Prasada Pkwy & Waddell Rd, Suprise, AZ
SWC of Prasada Pkwy & Waddell Rd, Suprise, AZ SWC of Prasada Pkwy & Waddell Rd, Suprise, AZ SWC of Prasada Pkwy & Waddell Rd, Suprise, AZ SWC of Prasada Pkwy & Waddell Rd, Suprise, AZ SWC of Prasada Pkwy & Waddell Rd, Suprise, AZ
FOR SALE NNN Property
Property Type:
Free Standing Building
Amount:
$11,334,000
Cap Rate:
5.25%
Last Verified:
Jul 11, 2024

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COSTCO ANCHORED CENTER OUTPARCEL: Site commands the hard corner of a Costco anchored center, benefitting from the prominent co-tenant cross traffic of the first power center developed in the Phoenix MSA in 20 years. PROMINENT POWER CENTER: Part of the new master planned community shopping center, Village at Prasada, featuring national tenants including Costco, Target, Sprouts, Kohl’s, PetSmart, Chick-fil-A, and many more. HIGH COMMUTER THOROUGHFARE: Seconds away from a full-diamond exchange on the highly trafficked Loop 303, with both buildings directly fronting Waddell Rd, seeing ±25,596 VPD (2024 Sites USA). SIGNIFICANT RESIDENTIAL GROWTH: ±30,000 new rooftops promise to add to the already thriving 5-mile population of 172,768 residents (ArcGIS).

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Simon Commercial Real Estate

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Alec Miller


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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.