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2737 W Thunderbird Rd, Phoenix, AZ, 85053

BEST BUY SHOPS AT METRO NORTH
Closed

Key Information

Tot. SF
18,721
Year Built
2007
Type
Shopping Centers
Occupancy
79.17%

Highlights

INVESTMENT HIGHLIGHTS

  • Strong Shadow Anchors: Subject Property is shadow anchored by Best Buy on the east side of the center, and Lowe’s Home Improvement is on the west side, attracting a surplus of foot traffic to the immediate area.
  • Value-Add Potential: Best Buy Shops offers significant value-add potential through the ability to lease ±3,900 SF of vacant space (20.83% of GLA), which can be easily demised into two ±1,950 SF in-line suites. In addition, Seller will credit rent and expense reimbursement for this space at $22.00/SF for six (6) months credited at closing – allowing a new buyer to collect income while working through the lease-up process.
  • Strong Traffic Counts: Best Buy Shops is subject to very high traffic counts with over ±51,000 VPD crossing Thunderbird Road and over ±214,900 VPD crossing the I-17.
  • Excellent Demographics: There is a population of 411,302 residents earning an average household income of $81,077 within a 5-mile radius of the site.

Photos

Location

Agents

Financing Agents

Broker of Record

David Harrington

License # CO701910000 (AZ)
Matthews Real Estate Investment Services
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251