6
COLDWATER CREEK PLAZA V 1473 NORTH DYSART ROAD | AVONDALE, ARIZONA 10,000 SF MULTI-TENANT RETAIL INVESTMENT OPPORTUNITY $2,850,000 ($285 PSF) | 6.65% CAP Sean M. Bishop, CCIM Principal, Retail Sales & Leasing [email protected] D 602.954.3774 Andrew Lundahl Associate, Investment Sales [email protected] D 602.385.3799

COLDWATER CREEK PLAZA V - LoopNet · 2018. 2. 27. · COLDWATER CREEK PLAZA V 1473 NORTH DYSART ROAD | AVONDALE, ARIZONA 10,000 SF MULTI-TENANT RETAIL INVESTMENT OPPORTUNITY $2,850,000

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Page 1: COLDWATER CREEK PLAZA V - LoopNet · 2018. 2. 27. · COLDWATER CREEK PLAZA V 1473 NORTH DYSART ROAD | AVONDALE, ARIZONA 10,000 SF MULTI-TENANT RETAIL INVESTMENT OPPORTUNITY $2,850,000

COLDWATER CREEK PLAZA V1473 NORTH DYSART ROAD | AVONDALE, ARIZONA10,000 SF MULTI-TENANT RETAIL INVESTMENT OPPORTUNITY$2,850,000 ($285 PSF) | 6.65% CAP

Sean M. Bishop, CCIMPrincipal, Retail Sales & [email protected] 602.954.3774

Andrew LundahlAssociate, Investment [email protected] 602.385.3799

Page 2: COLDWATER CREEK PLAZA V - LoopNet · 2018. 2. 27. · COLDWATER CREEK PLAZA V 1473 NORTH DYSART ROAD | AVONDALE, ARIZONA 10,000 SF MULTI-TENANT RETAIL INVESTMENT OPPORTUNITY $2,850,000

South Mountain Park

Usery MountainRecreation Area

Four PeaksWilderness

McDowell MountainRegional Park

Phoenix SonoranDesert Preserve

White Tank MountainRegional Park

Skyline RegionalPark

Deem HillsRecreation Area

Thunderbird ConservationPark

PapagoPark

Piestewa PeakPark

North MountainPark

PhoenixMountainPreserve

Buffalo RidgePark

Estrella Mountain Park

51

85

89

SR143

101

101

101

101

202 202

202

202

202

303

303

303

60

60 60

60

60

Phoenix Sky HarborInternational Airport

Mesa-GatewayAirport

Falcon FieldAirport

ScottsdaleMunicipal Airport

GlendaleMunicipal Airport

Luke Air ForceBase

Goodyear Airport

ChandlerMunicipal Airport

Deer ValleyMunicipal Airport

91st A

ve.

91st A

ve.

91st A

ve.

91st A

ve.

99th A

ve.

99th A

ve.

107th

Ave

.10

7th A

ve.

107th

Ave

.10

7th A

ve.

107th

Ave

.

111th

Ave

.

Tess

mer

Rd.

117th

Ave

.

103rd

Ave

.10

3rd A

ve.

99th A

ve.

111th

Ave

.

107th

Ave

.

Avon

dale

Ave

.

El M

irage

Rd.

El M

irage

Rd.

Dysa

rt Av

e.Dy

sart

Ave.

Cent

ral A

ve.

Litc

hfie

ld A

ve.

Litc

hfie

ld A

ve.

Bulla

rd A

ve.

Bulla

rd A

ve.

Bulla

rd A

ve.

Nash

St.

Estre

lla P

kwy.

Estre

lla P

kwy.

Reem

s Rd

.

Sariv

al A

ve.

Sariv

al A

ve.

Alsu

p Rd

.

Cotto

n Ln

.

Cotto

n Ln

.

Cotto

n Ln

.

Citru

s Rd

.Ci

trus

Rd.

El M

irage

Rd.

El M

irage

Rd.

Dysa

rt Av

e.

Litc

hfie

ld A

ve.

Bulla

rd A

ve.

Reem

s Rd

.

Litc

hfie

ld A

ve.

Sariv

al A

ve.

Cotto

n Ln

.Co

tton

Ln.

Perry

ville

Rd.

Perry

ville

Rd.

175th

Ave

.

Citru

s Rd

.Ci

trus

Rd.

187th

Ave

.18

6th A

ve.

Jack

rabb

it Tr

ail

Jack

rabb

it Tr

ail

Rain

bow

Valle

y Rd

.

Rain

bow

Valle

y Rd

.

Vera

do W

ay

Wat

son

Rd.

Dean

Rd.

Mille

r Rd.

83rd A

ve.

75th A

ve.

67th A

ve.

McDowell Rd.McDowell Rd.McDowell Rd.

Van Buren St.

Yuma Rd.Yuma Rd.

Van Buren St. Van Buren St.Van Buren St. Van Buren St. Van Buren St. Van Buren St.

Lincoln St.

Buckeye Rd. Sky Harbor Blvd.Buckeye Rd.

Broadway Rd.Broadway Rd.Broadway Rd. Broadway Rd. Broadway Rd.

Roeser Rd. Roeser Rd.

Southern Ave.Southern Ave.Southern Ave.

Estrella Dr.

Beltline Rd.

Baseline Rd.

Broadway Rd.Broadway Rd.

University Dr. University Dr.

Apache Blvd.

Broadway Rd.

Main St.

University Dr.

Rio Salado Pkwy.Rio Salado Pkwy.

Southern Ave. Southern Ave. Southern Ave.

Broadway Rd.

Main St.

University Dr.

Brown Rd.

Southern Ave.

Baseline Rd. Baseline Rd. Baseline Rd. Baseline Rd. Baseline Rd. Baseline Rd.

Guadalupe Rd.

Elliot Rd.

Warner Rd.

Ray Rd.

Chandler Blvd.

Elliot Rd.

Warner Rd.

Ray Rd.

Chandler Blvd.

Frye Rd.

Pecos Rd.

Germann Rd. Germann Rd.

Queen Creek Rd. Queen Creek Rd.

Germann Rd.

Queen Creek Rd. Queen Creek Rd.

Ocotillo Rd.

Hunt Hwy. Hunt Hwy.

East Riggs Rd.East Riggs Rd.

Chandler Heights Rd.

Empire Blvd.

East Riggs Rd.

San Tan Blvd.

Chandler Heights Rd.

Ocotillo Rd.Ocotillo Rd. Ocotillo Rd.

Cloud Rd.

Combs Rd.

Pecos Rd. Pecos Rd.

Pecos Rd.

Pecos Rd.

Elliot Rd.

Warner Rd.

Elliot Rd. Elliot Rd.

Warner Rd.

Ray Rd. Ray Rd. Ray Rd.

Williams Field Rd. Williams Field Rd.

Guadalupe Rd.

Houston Ave.

Guadalupe Rd. Guadalupe Rd. Guadalupe Rd.

Baseline Rd.

Dobbins Rd.

S. Mountain Ave.

Dobbins Rd.Dobbins Rd.

Carver Rd.

Baseline Rd.

Southern Ave.

Buckeye Rd.Buckeye Rd. Buckeye Rd.

Washington St. Washington St.Jefferson St.

Van Buren St.

Air Ln.

Yuma Rd.

Southern Ave.

Lower Buckeye Rd.

Broadway Rd.Broadway Rd.

Elwood St.

Indian Springs Rd.

Thomas Rd.Thomas Rd.

Indian School Rd.Indian School Rd.Indian School Rd.

Camelback Rd.Camelback Rd.Camelback Rd.

Bethany Home Rd.Bethany Home Rd.

Glendale Ave.Glendale Ave.Glendale Ave.

Northern Ave.Northern Ave.

Olive Ave.

Peoria Ave.

Cactus Rd.

McDowell Rd.

Thomas Rd.

Indian School Rd.

Camelback Rd.

Bethany Home Rd.

Glendale Ave.

Northern Ave.

Olive Ave.

Peoria Ave.

Cactus Rd.

Thunderbird Rd. Thunderbird Rd.

McDowell Rd.

Thomas Rd.

Indian School Rd.

Camelback Rd.

McDowell Rd.

Thomas Rd.

McDowell Rd.

Mckellips Rd. Mckellips Rd.

Broadway Rd.

Main St.

University Dr.

Brown Rd. Brown Rd.

Southern Ave.

Broadway Rd.

Main St.

University Dr.

Southern Ave.

Mckellips Rd.

Curry Rd.

Mckellips Rd.

McDowell Rd. McDowell Rd. McDowell Rd.

Longbow Pkwy.

Thomas Rd. Thomas Rd. Thomas Rd.

Saddleback St.

Indian School Rd.Indian School Rd.

Camelback Rd.

Camelback Rd.

Chaparral Rd. Chaparral Rd.

Indian Bend Rd.

Mountain View Rd.Mountain View Rd.

Shea Blvd. Shea Blvd. Shea Blvd.

Via Linda

Palis

ades

Blvd

.

Golden Eagle Blvd.

McD

owel

l Mou

ntai

n Rd

.

McD

owel

l Mou

ntai

n Rd

.

Via Linda

Shea Blvd.

Cholla St.Cholla St.

Lincoln Dr.

DoubleTree Ranch Rd.

McDonald Dr. McDonald Dr.Bethany Home Rd.

Glendale Ave.

Lincoln Dr.

Northern Ave.

McDowell Rd.

Roosevelt Rd.

Thomas Rd.

Indian School Rd.

Camelback Rd.

Bethany Home Rd.

Glendale Ave.

Northern Ave.

Dunlap Ave. Dunlap Ave.

Hatcher rd.

Peoria Ave.

Cactus Rd. Cactus Rd.

Sweetwater Ave.

Cactus Rd.Cactus Rd. Cactus Rd.

Thunderbird Rd. Thunderbird Rd.

Greenway Rd.

Thunderbird Rd.

Greenway Rd.Greenway Rd.

Grovers Ave.

Pinnacle Peak Rd. Pinnacle Peak Rd.Pinnacle Peak Rd.

Jomax Rd. Jomax Rd. Jomax Rd. Jomax Rd.

Dynamite Blvd.

Jomax Rd. Jomax Rd. Fore

st R

d.

Dynamite Blvd. Rio Verde Dr. Rio Verde Dr.

Dove Valley Rd.

Sonoran Desert Dr.

Carefree Hwy Carefree Hwy

Rancho Paloma Dr.

Carefree Hwy

Lone Mountain Rd.

Dixileta Dr.

Sonoran Desert Dr.

Greenway Rd.

Bell Rd.Bell Rd.

Greenway Rd.

Waddell Rd.

Cactus Rd.

Peoria Rd.

Olive Ave.Olive Ave.

Northern Pkwy.

Northern Ave.

Sun Valley Pkwy.

Sun Valley Pkwy.

Bell Rd.Bell Rd. Bell Rd. Bell Rd.

Raintree Dr.

Frank Lloyd Wright Blvd.

Bell Rd.

Union Hills Dr. Union Hills Dr.Union Hills Dr.

Union Hills Dr.

Beardsley Rd.

Yorkshire Dr.

Rose Garden Ln.

Deer Valley Rd.Deer Valley Rd.Deer Valley Dr.

Heritage Dr.

Happy Valley Rd. Happy Valley Rd.Happy Valley Rd.Happy Valley Rd.

Lake

Ple

asan

t Pkw

y.

Pinnacle Peak Rd.

59th A

ve.

51st A

ve.

43rd A

ve.

35th A

ve.

83rd A

ve.

83rd A

ve.

83rd A

ve.

75th A

ve.

75th A

ve.

67th A

ve.

67th A

ve.

59th A

ve.

59th A

ve.

51st A

ve.

51st A

ve.

55th A

ve.

43rd A

ve.

43rd A

ve.

35th A

ve.

35th A

ve.

39th A

ve.

29th A

ve.

27th A

ve.

91st A

ve.

99th A

ve.

83rd A

ve.

83rd A

ve.

75th A

ve.

75th A

ve.

67th A

ve.

59th A

ve.

51st A

ve.

51st A

ve.

51st A

ve.

43rd A

ve.

43rd A

ve.

35th A

ve.

27th A

ve.

35th A

ve.

27th A

ve.

19th A

ve.

19th A

ve.

19th A

ve.

North

Val

ley

Pkwy

.23

rd A

ve.

23rd A

ve.

29th A

ve.

27th A

ve.

19th A

ve.

15th A

ve.

7th A

ve.

7th A

ve.

12th S

t.

16th S

t.

15th A

ve.

12th S

t.

16th S

t.16

th S

t.

24th S

t.24

th S

t.24

th S

t.24

th S

t.

32nd

St.

36th S

t.

40th S

t.

44th S

t.

48th S

t.

32nd

St.

32nd

St.

40th S

t.

48th S

t.

64th S

t.64

th S

t.

94th S

t.96

th S

t.

64th S

t.

56th S

t.56

th S

t.

40th S

t.

44th S

t.

40th S

t.

36th S

t.

32nd

St.

28th S

t.

Tatu

m B

lvd.

Tatum

Blvd

.

Mayo Blvd.

Tatu

m B

lvd.

Tatu

m B

lvd.

68th S

t.Co

llege

Ave

.68

th S

t.

Scot

tsda

le R

d.Sc

otts

dale

Rd.

Scot

tsda

le R

d.Sc

otts

dale

Rd.

Scot

tsda

le R

d.

Cave

Cre

ek R

d.

Cave

Cre

ek R

d.

Rura

l Rd.

McC

linto

ck D

r.

Mill

Ave.

Mill Ave.

Hard

y Dr

.Ha

rdy

Dr.

Prie

st D

r.

Rura

l Rd.

Kyre

ne R

d.Ky

rene

Rd.

Mar

icopa

Rd.

McC

linto

ck D

r.M

cClin

tock

Dr.

Prie

st D

r.Pr

iest

Dr.

Hayd

en R

d.Ha

yden

Rd.

Hayd

en R

d.

Pim

a Rd

.Pi

ma

Rd.

Pim

a Rd

.Pi

ma

Rd.

Dobs

on R

d.Do

bson

Rd.

Dobs

on R

d.Do

bson

Rd.

Long

mor

e

Alm

a Sc

hool

Rd.

Alm

a Sc

hool

Rd.

Alm

a Sc

hool

Rd.

Alm

a Sc

hool

Rd.

Coun

try C

lub

Dr.

Coun

try C

lub

Dr.

Coun

try C

lub

Dr.

Coun

try C

lub

Dr.

Ext R

d.Ex

t Rd.

Cent

er S

t.Ce

nter

St.

Mes

a Dr

.M

esa

Dr.

Gra

ntite

Ree

f Rd.

Horn

e

Stap

ley

Dr.

Gilb

ert R

d.G

ilber

t Rd.

Lind

say

Rd.

Val V

ista

Dr.

Gre

enfie

ld R

d.

Higl

ey R

d.

Reck

er R

d.

Powe

r Rd.

Powe

r Rd.

Ellsw

orth

Rd.

User

y Pa

ss R

d.

Cent

er S

t.

Mes

a Dr

.

Horn

e

Stap

ley

Dr.

Gilb

ert R

d.

Lind

say

Rd.

Val V

ista

Dr.

Gre

enfie

ld R

d.

Higl

ey R

d.

Powe

r Rd.

Soss

aman

Rd.

Soss

aman

Rd.

Soss

aman

Rd.

Rittenhouse Rd.

McQ

ueen

Rd.

Coop

er R

d.

Gilb

ert R

d.

Lind

say

Rd.

Val V

ista

Dr.

Gre

enfie

ld R

d.

Higl

ey R

d.

Reck

er R

d.

Powe

r Rd.

McQ

ueen

Rd.

Coop

er R

d.

Gilb

ert R

d.

Lind

say

Rd.

Val V

ista

Dr.

Gre

enfie

ld R

d.

Higl

ey R

d.

Powe

r Rd.

Reck

er R

d.

Hawe

s Rd

.Ha

wes

Rd.

Gar

y Rd

.

Ellsw

orth

Loo

p

Ellsw

orth

Rd.

Crism

on R

d.

Mer

idia

n Rd

.

Ellsw

orth

Rd.

Ellsw

orth

Rd.

Mou

ntai

n Rd

.

Ellsw

orth

Rd.

Gan

tzel

Rd.

Ironw

ood

Rd.

Ironw

ood

Rd.

Crism

on R

d.

Sign

al B

utte

Rd.

Sign

al B

utte

Rd.

52nd

St.

52nd

St.

7th S

t.7th

St.

7th S

t.

Cent

ral A

ve.

83rd A

ve.

75th A

ve.

67th A

ve.

59th A

ve.

51st A

ve.

43rd A

ve.

35th A

ve.

27th A

ve.

19th A

ve.

7th A

ve.

12th S

t.

16th S

t.

7th S

t.

Cent

ral A

ve.

Cent

ral A

ve.

7th A

ve.

7th S

t.

Cent

ral A

ve.

19th A

ve.

16th S

t.

7th A

ve.

7th S

t.

Cent

ral A

ve.

Cor

al G

ables

Dr.

Lake

Ple

asan

t Pkw

y.

Cave

Cre

ek B

lvd.

Mayo Blvd.

28th

Dr.

Metro

Pkw

y.

Lake Pleaseant Pkwy.

Beardsley Rd.

Verd

e Vi

sta D

r.

Indian School Rd.

Aco ma Dr.

W. P

oint P

kwy.

Par k

view

Pl.

NW R

anch

Pk wy.

R H Johnson Blvd.

Stardust Blvd.Meeker Blvd.

128t

h Ave

.

151st

Ave

.

Aleppo Dr.

Sunri

se B

lvd.

Moun

tain V

iew Blvd.

Del W

ebb

Blvd

.

Bosw

ell B

lvd.

Ellio

t Rd.

Estre

lla P

kwy.

T hompson Peak Pkwy.

Le g acy Blvd.

Legacy Blvd.

Frank Lloyd Wright Blvd.

Hayd

en Rd.McCormic k Pkwy.

Gal

vin P

kwy.

Founta

in H

ills B

lvd.

Sag

uaro

Blvd

.

Mohave Rd.

Fort

McD

owel

l Rd.

Mus

tang

Way

Para

dise V

illage Pkwy.

Lower Buckeye Rd.Lower Buckeye Rd.Lower Buckeye Rd.

Lower Buckeye Rd.Sk

y Ha

rbor

C

ir.

Hawe

s Rd

.

Rid g ecr

est

Eagle Crest Dr.

Ash

Ave.

Sara

toga

L in dner Ave.

Soss

aman

Rd.

Queen Creek Rd.

Indian School Rd.

Deer Valley Rd.

40th S

t.

Sunridge Dr.

Ray Rd.

Knox Rd.

Chandler Blvd.Chandler Blvd.

Pecos Rd.Pecos Rd.

48th S

t.

40th S

t.

36th S

t.

Mountain Pkwy.

Ranc h

Cir

Ray Rd.

48th S

t.

War

ner E

lliot L

oop

51st S

t.

44th S

t.

Dese

rt Fo

othil

ls Pk

wy.

17th A

ve.

Lakewood Pkwy.

PHOENIX

TEMPE

SCOTTSDALE

PARADISE VALLEY

GOODYEAR

GLENDALE

PEORIA

SURPRISE

BUCKEYE

CHANDLER

GILBERT

FOUNTAIN HILLS

MESA

COLDWATER CREEK PLAZA V

Andrew LundahlAssociate, Investment [email protected] 602.385.3799

Sean M. Bishop, CCIMPrincipal, Retail Sales & [email protected] 602.954.3774

MULTI-TENANT RETAIL INVESTMENT OPPORTUNITYCOLDWATER CREEK PLAZA V

Page 3: COLDWATER CREEK PLAZA V - LoopNet · 2018. 2. 27. · COLDWATER CREEK PLAZA V 1473 NORTH DYSART ROAD | AVONDALE, ARIZONA 10,000 SF MULTI-TENANT RETAIL INVESTMENT OPPORTUNITY $2,850,000

Low Cost Option in a Highly Sought After Trade Area• Room For Rental Rate Growth - 68% of the tenants at the subject property have an average rental

rate below $15.00 PSF NNN. Significantly below comparable rates for centers in the area of ± $20.00 PSF NNN.

• Highly Sought After Trade Area - In the immediate surrounding trade area vacancy is approximately 3.9% and the average asking rental rate is approximately ± $20.00 PSF NNN.

• Personal & Corporate Guarantees - Every tenant at Coldwater Creek Plaza V boasts a personal or corporate guarantee.

Stable, Improving Income From Internet Resistant Tenants• Embedded Improving Returns - All tenants at the center have annual scheduled rental increases of

±3% per year.• NNN Leases - Every tenant at the center contributes their pro-rata share towards the expenses at

the subject property.

INVESTMENT HIGHLIGHTS

LOCATION HIGHLIGHTSExcellent Home Depot & Sam’s Club Anchor Tenants

• Sam’s Club Anchor - Sam’s West, Inc. (DBA Sam’s Club) is the second largest chain of membership-only warehouse clubs with nearly 600 locations worldwide. The company is a subsidiary of Walmart.

• Home Depot Anchor - The Home Depot is the largest home improvement retailer in the United States with over 2,274 locations worldwide. Home Depot

• Part of Coldwater Creek Plaza - The subject property is part of Coldwater Creek Plaza, a ±456,000 SF retail power center. The subject includes Sams Club, Home Depot, Ashley Home Furniture, BBB Fashion, & Lina Home Furnishings.

Dense Retail Corridor In High Growth Area of Greater Phoenix• Dense Retail Corridor - In the immediate trade corridor along Dysart Road there is over 3.1 MM

SF of retail product. Major retailers in the area include Walmart, Sam’s Club, Home Depot, Lowe’s Home Improvement, Ashley Home Furniture, Sprouts, Fry’s Food & Drug, Harbor Freight Tools, Food City, & Office Max.

• High Growth West Valley Location - The west valley of Phoenix is one of the fastest growing areas of Phoenix.

Excellent Traffic counts • Dysart Road: 34,392 VPD• Van Buren Street: 22,641 VPD• Street Total: 57,033 VPD

Andrew LundahlAssociate, Investment [email protected] 602.385.3799

MULTI-TENANT RETAIL INVESTMENT OPPORTUNITYCOLDWATER CREEK PLAZA V

Sean M. Bishop, CCIMPrincipal, Retail Sales & [email protected] 602.954.3774

• I - 10 Freeway: 167,303 VPD • Grand Total: 224,336 VPD

Page 4: COLDWATER CREEK PLAZA V - LoopNet · 2018. 2. 27. · COLDWATER CREEK PLAZA V 1473 NORTH DYSART ROAD | AVONDALE, ARIZONA 10,000 SF MULTI-TENANT RETAIL INVESTMENT OPPORTUNITY $2,850,000

Andrew LundahlAssociate, Investment [email protected] 602.385.3799

Sean M. Bishop, CCIMPrincipal, Retail Sales & [email protected] 602.954.3774

MULTI-TENANT RETAIL INVESTMENT OPPORTUNITYCOLDWATER CREEK PLAZA V

Page 5: COLDWATER CREEK PLAZA V - LoopNet · 2018. 2. 27. · COLDWATER CREEK PLAZA V 1473 NORTH DYSART ROAD | AVONDALE, ARIZONA 10,000 SF MULTI-TENANT RETAIL INVESTMENT OPPORTUNITY $2,850,000

Andrew LundahlAssociate, Investment [email protected] 602.385.3799

Sean M. Bishop, CCIMPrincipal, Retail Sales & [email protected] 602.954.3774

MULTI-TENANT RETAIL INVESTMENT OPPORTUNITYCOLDWATER CREEK PLAZA V

Page 6: COLDWATER CREEK PLAZA V - LoopNet · 2018. 2. 27. · COLDWATER CREEK PLAZA V 1473 NORTH DYSART ROAD | AVONDALE, ARIZONA 10,000 SF MULTI-TENANT RETAIL INVESTMENT OPPORTUNITY $2,850,000

Sean M. Bishop, CCIMPrincipal, Retail Sales & [email protected] 602.954.3774

Andrew LundahlAssociate, Investment [email protected] 602.385.3799