NNN leased investment opportunity: retail showroom condo building on a frontage pad within the Hayden Design Center at 83rd, located at 15333 N. Hayden Road in Scottsdale, Arizona. This investment opportunity features a highly visible, fully occupied building, consisting of approximately 16,521 square feet. Sale price is $3,990,000 (6.62% cap rate).
Contact Bob Broyles or Mike Kane to request the offering memorandum.
This 100 percent occupied property offers desirable long-term lease, sale/leaseback with Feathers Fine Custom Furnishings, which has been in the business for 25 years and is well-known in Arizona and the Southwest as the premier custom furniture manufacturer. The owners have been in the design and furniture business for over 35 years.
The property is situated within the desirable Hayden Design Center at 83rd, built in 2006. Hayden Design Center features approximately 74,347 square feet furniture showroom condominiums, with complementing co-tenants: Creative Leather Furniture, Patio Furniture Arizona Iron, DH Davis Home Furnishings, Bungalow of Scottsdale and Tierra Del Lagarto.
Rare seven-year NNN sale/leaseback
Prime retail location in North Scottsdale
Strong award-winning tenant
Strategically located next to Loop 101 Pima Freeway
Across the street from a high-volume Costco and Home Depot
Minutes to Kierland Commons, Scottsdale Quarter, Scottsdale Promenade, TPC Scottsdale, Scottsdale Airport and WestWorld of Scottsdale.
Excellent demographics with over 172,327 residents within a five- mile radius, with $127,404 average household income
Intersection of Hayden Road and Frank Lloyd Wright Boulevard features approximately 52,000 vehicles per day, with approximately 14,537 cars per day on Hayden Road
Scottsdale continues to be recognized nationwide as one of the top markets for business performance, job growth, livability and friendly culture
