Published on: Monday, August 26, 2024
Updated on: Tuesday, March 11, 2025
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About the Lister
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Name: Ryan Bennett
Company: NNN Investment Group
Office Phone: 760-448-2449
Cell Phone: 760-519-0240
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Financing  Business  Material
  Laveen Spectrum Shopping Center
7450 S. 59th Ave, Laveen Arizona , 85339
7450 S. 59th Ave, Laveen Arizona                                                                                             , 85339  NNN Investment Group
Listing ID: CL-Arizona-11552

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 5.5
Net Operating Income: $872,580.00
Commission Split (%): 0
Quick Glance
Listing ID: CL-Arizona-11552
Status: Sold
Financing: Third Party Financing
Occupancy: 100%
Year Build: 2024
Building Size: 20,186.00 SqFt
Lot Size: 148,496.00 SqFt.
No of Stories: 1
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: Yes
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Listing Summary
Lee & Associates is pleased to present the opportunity for a qualified investor to acquire Fee Simple interest (land & building) in Laveen Spectrum Shopping Center located in Laveen, AZ (Phoenix, MSA).
Complete Details
Year Build: 2024
Building Size: 20,186 SqFt.
No of Stories: 1
Total Lot Area: 148496 SqFt.
No of Parking: N/A
No of Total Units: 2
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: Not Specified
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: Yes
Roofing: Not Specified
Occupancy: 100%
Full Description

Lee & Associates is pleased to present the opportunity for a qualified investor to acquire Fee Simple interest (land & building) in Laveen Spectrum Shopping Center located in Laveen, AZ (Phoenix, MSA). This meticulously designed center stands as a testament to modern retail excellence, offering a compelling investment proposition with a 100% leased status and a roster of best-in-class tenants and co-tenants. Anchored by the renowned EOS Fitness, this center sets the standard for retail destinations. Positioned strategically off the 202 Loop, with a notable daily traffic volume of 60,000 vehicles, and Baseline Road, experiencing 21,000 vehicles per day, the shopping center enjoys unparalleled accessibility and visibility. Additionally, boasting monument sign frontage to the 202 Loop Freeway and multiple points of ingress/egress, the center ensures ease of access for both tenants and patrons alike. Nestled in the vibrant Southwest Valley of Phoenix, characterized by unprecedented growth and new development, the shopping center is ideally situated to capitalize on the burgeoning opportunities in the region. The bustling Baseline Road retail trade area, attracting a staggering 6.2 million visitors annually (source: placer.ai), underscores the immense potential and attractiveness of this investment.

Additional Properties
Property Highlights
  • Brand New Class “A” Shopping Center (2024 Construction) | 100% Leased | Best in Class Tenants & Co-Tenants | Anchored by EOS Fitness
  • Real Estate Advantage | Tenants Reported Massive Grand Opening Sales Figures | In & Out, Raising Cane’s, EOS Fitness – Proven Traffic Drivers
  • Located off 202 Loop (60,000 VPD) & Baseline Road (21,000 VPD) Freeway Interchange | Monument Sign Frontage to 202 Loop Freeway | Multiple Points of Ingress/Egress
  • Southwest Valley of Phoenix – Unprecedented Growth & New Development | Bustling Baseline Road Retail Trade Area – 6.2 Million Visitors/Yr. (source: placer.ai)
Actual - Cash Flow
Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2024
$0.00
$0.00
$0.00
$872,580.00
$0.00
0%
Cash Flow for Current Listings
Listing Location
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3805 80th Street, , Kenosha Wisconsin                                                                                            53142
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2440 W Thomas Rd , Phoenix Arizona                                                                                              85015
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3178 E Camelback Rd , Phoenix Arizona                                                                                              85016
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5900 South Cooper Street , Arlington Texas                                                                                                76017
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3230 West Lane , Stockton California                                                                                           95204