Arizona Retail For Sale

Greenway Promenade is located in the city of Glendale, north of the historic downtown area. The property is located in the Arrowhead sub-market which has seen positive growth over the last decade. The property offers road frontage along both Greenway Road and 59th Avenue, as well as a close proximity to Interstate 17, and the US60 and Loop-101 freeways. Popular attractions around the property include Arizona State University West Campus, Grand Canyon University, Glendale Community College, shops at Arrowhead Towne Center, and Peoria Sports Complex (P83) which is home to spring training for the Seattle Mariners and San Diego Padres. SVN Desert Commercial Advisors, as the exclusive representative of the seller, is pleased to offer for sale Greenway Promenade, a stabilized neighborhood retail center in the west valley. While the center is currently 95% occupied the properties' average per square foot rental rate is 20% below the market average. The property also includes two separate, fully leased out freestanding buildings that could be sold after acquisition and additionally, the forecasted rental increase of $52,863 in 2020, represents a 6.2% improvement from the previous year. Combine these with the strong fundamentals of the Arrowhead Ranch Submarket, the areas projected growth and the properties proximity to various universities and it is easy to see why Greenway Promenade is the perfect property for any owner.

Investment opportunity to acquire a three-building project, consisting of ±9,958* square feet on ±1.05 acres, at 480 S. 1st Street and 499 S. 2nd Street in Camp Verde, Arizona. Sale price is $747,000. The project was constructed from 1964 to 1997 for the United Methodist Church. Building one consists of the sanctuary, fellowship hall, offices, fireside room, nursery, classrooms and a fully operating commercial kitchen. This building measures approximately 7,728 square feet and was originally built in 1964. In 1997, there was a fire on the property that destroyed a portion of the building, which led to the rebuild of some of the offices, as well as the fellowship hall and kitchen. Building two was constructed as classrooms and currently has four sections that were used for classrooms, as well as a prayer room. This building measures approximately 950 square feet. Just outside the classrooms is the playground, which is complete with a seating area and commercial playground equipment. Building three is the original parsonage for the property, consisting of approximately 1,280 square feet. The building was later converted to the Abide Maternity House, which has since relocated. This building consists of two bedrooms, a kitchen and large meeting/living room. The properties are located on APN 404-22-079, 080 and 083 in Yavapai County. The lot size is ±1.05 acres, or approximately 45,738 square feet, giving the property parking at 5.5/1,000. All three buildings are located on parcel 404-22-080. The properties are located on the north side of Head Street, between both 1st and 2nd Streets, in the downtown area of Camp Verde. The project is approximately 9.6 miles from Interstate 17. This property is 17 miles from Cottonwood, 92.4 miles north of Phoenix, 39 miles south of Sedona, and 55 miles from Flagstaff. *This information was gathered through an independent source and is deemed to be accurate but has not been confirmed. It is the responsibility of any prudent buyer to verify this information, and Colliers International shall not be held responsible for any variance in the actual square footage.

This is an underserved retail market

Located in a dense residential market in upscale Chandler, AZ.

VERY LOW RENT OF $11.23/SF ALLOWING FOR A HEALTHY RENT TO SALES RATIO.

Tremendous population growth

Brand new construction

Excellent visibility

The subject property fills a much needed gap in town for an all-purpose discount goods stor

Size: 1,647 SF1,297 Main, 350 Storage)Lot: 7,350 SFAPN: 112 11 030Zoned: A-1, City of Phoenix2018 Taxes: $2,317.02

Retail Building: 2,716 SFBack Building: 1,314 SFZoned C-2

Billboard Income IncludedHard Corner on Bell RoadNearly 60,000 VDPJoin Chase Bank, Wells Fargo, US Bank, Bank of America, Starbucks, Verizon, and Ace HardwareC-2 Zoning7 Gas Pumps7 Car Repair BaysLot Size: 34,630 SF (0.80 Acres)

9,150 SF Building.92 Acre Lot7,500 sq. ft. Fenced Yard (Expandable)100% Air ConditionedLocated along Busy Cave Creek RoadParcel #s 214-66-017214-66-016Zoning C-2, City of PhoenixMonument Lighted Signage Available

Former Eva’s Fine Mexican. Patio & Courtyard. Loading / Unloading. Hood / Walk-In / Grease Trap

2005 Masonry Construction. Zoned C-G, City of Tempe

Showroom: Visually stunning interior, refurbished in 2019. Improvements include: new air conditioning and electrical throughout, refinished and highly polished concrete floor, large glass windows creating natural open lighting, exposed beams, enlarged ADA restrooms with new plumbing

1/2 Block from Light Rail Stop. 2005 Masonry Construction. Zoned C-G, City of Tempe

±2,550 SF Freestanding Building with Drive Thru (Former KFC). 24 Parking Spaces. Frontage on Stapley Dr with Strong Traffic Counts

(3) Rooms with Plumbing

Fully Built-out Kindercare Center with Playground. RO Zoned. Built in 1990 / Remodeled in 2017. 23 Parking Spots (3.8/1,000 SF)

±2,360 SF - with additional patio space. Perfect drive thru opportunity for fast food, coffee, sandwich, or other restaurant uses. Dedicated monument signage. Fully renovated building, with hoods, grease trap and walk-in cooler. Renovations Complete: New HVAC, new roof, exterior paint and landscaping, new ceiling, new lighting, new bathrooms, replaced plumbing, replaced electrical and front of house is finish ready

Easy access to the San Tan Freeway (Loop 202), located just south of the property

5,200-square foot, freestanding building with eight (8) bays. Located within Albertson’s anchored shopping center. Located ±1 mile north of Superstition Mall.

Motivated Sellers. Submit Offers. Building has a Drive-Thru. Going-Home Side of Street. Heavy Traffic Counts.

Extremely rare frontage property available on Scottsdale Rd near Camelback Rd.