Cave Creek, AZ 85331


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