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Cave Creek, AZ 85331
Verizon
Property Address
4828 East Carefree Highway, Cave Creek, AZ, USA
Offering Summary
Price:
$2,857,000
Lot Size:
.69 Acres
Cap Rate:
5.25%
Year Built:
2022
Building SF:
3,000
Status:
Available
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9.5+ Years Remaining on Double-Net (NN) Lease with Verizon
Tenant is One of the Largest Verizon Retailers in the United States with Nearly 800 Locations
Rental Increases Every Five Years and in Three, Five Year Renewal Option Periods
High Visibility Hard-Corner Location Along East Carefree Highway (Over 31,500 Vehicles per Day)
Shared Ingress and Egress with National Retailer, Harbor Freight Tools
Across the Street from Fry’s, The Home Depot, Wendy’s, Circle K, and Firestone
Rapidly Growing Phoenix MSA Trade Area with Population and Households Projected to Increase 10 – 12% by 2027
High-Income Area with Average Annual Household Income Exceeding $163,800 within Five Miles of the Subject Property
Located Along Strong Retail Corridor with Lowe’s, Walmart Supercenter, Sprouts Farmers Market, Tractor Supply Co, and Many More
Broker Information
Mark Ruble
Agent
Phone Number:
602.687.6766
mruble@marcusmillichap.com
Chris Lind
Agent
Phone Number:
602.687.6780
chris.lind@marcusmillichap.com
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