Investment sale · Community Center
Crossroads at Tolleson
99th Ave & McDowell Rd | SEC
9897 W McDowell Rd, Tolleson, AZ 85353
- Price
- $36,950,000
- Cap rate
- 6.54%
- NOI
- $2,416,152
- Building Size
- 98,343 SF
- Tenancy
- Multi-tenant
- Traffic
- ±226,151 VPDon Interstate 10
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About this opportunity
Listed by Danny Gardiner, Steven Underwood and Chad Tiedeman, Phoenix Commercial Advisors.
The site
| Property type | Retail · Community Center |
|---|
Trade area
| 1 Mile | 3 Miles | 5 Miles | |
|---|---|---|---|
| Population | 8,679 | 115,846 | 336,745 |
| Households | 2,986 | 34,547 | 98,229 |
| Average household income | $80,779 | $91,501 | $91,353 |
2023 estimates for rings around the property.
Highlights
- Most dominant West-Valley intersection and regional shopping destination with powerful co-tenancy at the intersection (Costco, Best Buy, Ross, Harkins Theatres, Hobby Lobby, Main Event, Sprouts Farmers Market and more)
- 12 high-profile end-caps
- Strong historic occupancy, lease extensions, and recent lease-up show strength of center and demand of trade area
- Historical CAGR of 3.44% from 2020-2026
- Anchored by NAPA Auto Parts, with over 6,000 NAPA Auto Parts stores and more than 18,000 NAPA AutoCare and AutoCare Collision Centers nationwide
- Limited shop vacancy at the intersection with just ±5,850 square feet of vacant shop space out of over 1.2 million SF of total retail space
- Two (2) 90’ high pylon signs facing the I-10 and Loop 101
- Attractive breakup strategy through parcellation for future investor
- This regional shopping center serves the residents of Avondale, Phoenix, Glendale & Litchfield, and Tolleson
- Located at the SEC of 99th & McDowell, at the connection of two major highways, the I-10 & Loop 101
- One of the highest traffic counts in the state of Arizona with nearly 427,000 vehicles per day
- Strong daytime employment in the immediate area with over 107,000 workers within 5-miles
- The West Valley is one of the fastest growing housing areas of metro Phoenix with ±7,564 new homes platted, planned and under construction just in the immediate trade area alone
- Crossroads resides in Maricopa County which is one of the fastest growing county in the United States
Property overview
Crossroads at Tolleson | 6.54% Cap | 98,343 SF | 99% Occupied
Crossroads at Tolleson is located along McDowell Road; situated on the south side; just east of 99th Avenue
Location9897 W McDowell Rd, Tolleson, AZ 85353
- I-100.1 mi
- Loop 1010.2 mi
- Westgate4.9 mi
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