Investment sale · Strip Center
Pointe 17
29th Ave & Dove Valley Rd | SWC
3075 W Dove Valley Rd, Phoenix, AZ 85085
- Price
- $21,598,000
- Cap rate
- 6.00%
- NOI
- $1,295,882
- Building Size
- 28,961 SF
- Tenancy
- Multi-tenant
- Traffic
- 129,000 VPDon Interstate 17
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Senior Managing Director
Executive Managing Director
About this opportunity
Listed by Danny Gardiner and Chad Tiedeman, Phoenix Commercial Advisors.
The site
| Property type | Retail · Strip Center |
|---|
Trade area
| 1 Mile | 3 Miles | 5 Miles | |
|---|---|---|---|
| Population | 6,499 | 27,114 | 70,758 |
| Households | 2,851 | 10,475 | 26,177 |
| Average household income | $147,820 | $177,383 | $186,029 |
2026 estimates for rings around the property.
Highlights
- Twelve of the thirteen suites at Pointe 17 are leased to an ideal mix of internet-resistant tenants
- All tenants have strong scheduled rent increases, compounding income growth
- New high-quality construction with modern architectural features, providing low maintenance for future investor
- Rare opportunity to acquire a new construction retail property that has below market rents
- Just off Interstate 17 with a full-diamond interchange and nearly 129,000 vehicles per day
- Across the highway from the new $265B+ TSM Semiconductor Plant, the largest foreign direct investment in U.S. history and an employment generator bringing ±6,000 direct manufacturing jobs and another ±20,000 total unique construction jobs, and tens of thousands of indirect jobs in this decade
- Across the highway from Halo Vista, a 30M SF master-planned city within a city featuring industrial, multifamily, retail, office, education, research, and healthcare space, which is set to become Arizona’s third-largest employment center supporting up to 100,000 new jobs
- Other nearby employers include Sonoran Health Care, W.L. Gore, Fry’s, Home Depot, and Deer Valley Unified School District 97
- High-income area with an average household income of over $163,000 within a 5-mile radius
- Immediately adjacent to proposed multi-family project with ±362 units, providing consistent customer flow to tenants
Property overview
Pointe 17 | 6.00% Cap | 28,961 SF | 12 of 13 Suites Leased
Pointe 17 is located along Dove Valley Road; situated on the south side; just west of 29th Avenue.
Location3075 W Dove Valley Rd, Phoenix, AZ 85085
- I-170.5 mi
- Loop 3031.0 mi
- Anthem4.9 mi
Pointe 17
Site plan
13 suites, 28,961 SF. Select a suite on the plan for its size, status and tenant, or read the table.
- Available
- Leased
- Not part of the offering
| Suite | Tenant | Size | Status |
|---|---|---|---|
| Suite 101 Shops 1 | Heartland Dental | 3,743 SF | Leased |
| Suite 102 Shops 1 | Blo Dry Bar | 1,261 SF | Leased |
| Suite 103 Shops 1 | Jersey Mike’s | 1,425 SF | Leased |
| Suite 201 Shops 2 | Handel’s Homemade Ice Cream | 1,864 SF | Leased |
| Suite 202 Shops 2 | Body Fit Training | 2,500 SF | Leased |
| Suite 203 Shops 2 | Luna Grill | 1,982 SF | Leased |
| Suite 301 Shops 3 | Pepper Lunch | 1,503 SF | Leased |
| Suite 302 Shops 3 | Diamond Nails & Spa | 2,431 SF | Leased |
| Suite 303 Shops 3 | Bafang Dumpling | 4,176 SF | Leased |
| Suite 401 Shops 4 | Over Easy | 3,005 SF | Leased |
| Suite 402 Shops 4 | 2,001 SF | Available | |
| Suite 403 Shops 4 | Tropical Smoothie Café | 1,140 SF | Leased |
| Suite 404 Shops 4 | The Bar | 1,930 SF | Leased |
| Pad A | Chipotle Mexican Grill | n/a | Not part of the offering |
| Pad B | Black Rock Coffee Bar | n/a | Not part of the offering |
| Pad C | Oregano’s | n/a | Not part of the offering |
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