43240 N Black Canyon Hwy
New River, AZ
Price:
$6740000
Cap Rate:
5.75%
NOI:
$387,500
Building Size:
Approx. 24932 Sq. Ft.
Lot Size:
Approx. 3.13 Acres
Type:
Single-Tenant / Retail
Sub Category:
Retailer
Year Built:
2018
Investment Overview
- 2018 Construction. 24,932+/- SF Building on 3.13+/- Acre Site
- New 15-Year NNN Lease with 10% Rent Bumps Every 5-Yrs
- Located along I-17 (61K VPD), just North of Phoenix, AZ
- Adjacent to the Outlets @ Anthem (293,000 SF) Center
- Near Walmart, Chase, Discount Tire, Starbucks, Safeway
- 1.4-Miles E of Canyon Springs School (804 Student Enroll)
- Local Attractions: Lake Pleasant | Mazatzal Peak | Anthem Park
- Major Employers: State of AZ | Banner Health | Bank of America |Intel
- 5-Mile Radius: Estimated Pop: 40,795 l 3-Mile Avg HH Income: $125,284
- Phoenix Metro: $215 Billion in GDP | Fastest Growing Metro in the U.S