For Sale
$18,440,000

8841 19Th Ave Phoenix, AZ 85021

Grocery-anchored center; strong tenant mix

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
136
This 101,269 square foot, 98.7% occupied shopping center in Phoenix, Arizona, presents a compelling investment opportunity. Located at 8841 N 19th Ave, 85021, this multi-tenant property boasts a diverse lineup of 15 established businesses, including a prominent El Rancho IGA Market, dd's Discounts, Shoe Palace, and UnitedHealthcare. The center benefits from a synergistic tenant mix catering to the needs of the densely populated surrounding area, with over 164,293 people within a 3-mile radius. Built in 1962 and renovated numerous times, the property features 319 parking spaces and is zoned PSC (Planned Shopping Center). The property enjoys a high traffic count of 85,000 vehicles per day and is conveniently located near a major light rail station. Recent long-term leases with dd's Discounts, Shoe Palace, and ArchWell Health (UnitedHealthcare guaranty) further enhance the investment's stability and value-add potential. The asking price is $18,440,000, translating to $182.09 per square foot. This Net Leased (NNN) investment offers a stabilized income stream with significant upside potential in a prime Phoenix location. The property's APN is 158-37-091G and 158-37-091F.

Highlights

  • $18,440,000 asking price for a stabilized, value-add retail investment.
  • El Rancho IGA Market anchors this 101,269 SF shopping center.
  • Recent long-term leases signed by dd's DISCOUNTS, Shoe Palace, and ArchWell Health (UnitedHealthcare).
  • Synergistic tenant mix serving local demographics.
  • Prime Phoenix location with 85,000 VPD and adjacency to a major light rail station.

Property Details for 8841 19Th Ave

Property type
Retail properties, Retail space
Square Feet
101,269 SF
Year Built
1962

Location Insight

City
Phoenix
County
Maricopa
State
Arizona
Latitude
33.56639614
Longitude
-112.09843752

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FAQs

What type of property is this?
Retail property - Grocery-anchored center; strong tenant mix
Where is the retail property located?
The property is located at 8841 19Th Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $18,440,000.
What are key features of this property?
This property features: $18,440,000 asking price for a stabilized, value-add retail investment.; El Rancho IGA Market anchors this 101,269 SF shopping center.; Recent long-term leases signed by dd's DISCOUNTS, Shoe Palace, and ArchWell Health (UnitedHealthcare).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
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Contacts

El Warner
El Warner
Mindy Korth
Mindy Korth
JK Jackson
JK Jackson
Kristina Remon
Kristina Remon
Visit Broker Website

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Useful Information

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19Th Ave
Phoenix, AZ 85021

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19Th Ave
Phoenix, AZ 85021

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

8841 19Th Ave
  • El Warner
    El Warner
  • Mindy Korth
    Mindy Korth
  • JK Jackson
    JK Jackson
  • Kristina Remon
    Kristina Remon
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