For Sale
$16,597,805

15255 Northsight BlvdScottsdale, AZ 85260

High-yield At Home storefront, NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional Scottsdale, Arizona storefront presents a compelling investment opportunity. The property, located at 15255 N Northsight Blvd, encompasses 128,159 square feet on a 12.06-acre lot and features a single-story building constructed in 2000. Currently 100% occupied by At Home, a national retailer with over 250 locations, the property benefits from a long-term absolute NNN lease expiring March 31, 2037, providing 12.4 years of remaining lease term. The lease includes 2% annual rent increases, ensuring consistent income growth. The property boasts a strong net operating income (NOI) of $1,078,857, resulting in a 6.50% capitalization rate and a price per square foot of $129.51. The asking price is $16,597,805. This prime location within a sought-after North Scottsdale retail corridor offers excellent visibility and accessibility, situated near major national retailers such as Walmart, Costco, Best Buy, and Target. The surrounding area demonstrates strong demographics, with a high average household income of $170,251 within a 5-mile radius and approximately 167,013 residents. The property's strong tenant, corporate guarantee, and long-term lease make it an attractive, low-risk investment with significant upside potential. The property's APN is 215-52-101. This is a rare opportunity to acquire a trophy asset in a thriving market.

Highlights

  • Absolute NNN lease with zero landlord responsibilities.
  • Approximately 13 years remaining lease term.
  • 2% annual rent increases.
  • At Home, a national retailer with over 250 locations, is the tenant.
  • Prime North Scottsdale location adjacent to Walmart, Costco, Best Buy, and Target.
  • High-income area with average household income of $170,251 within a 5-mile radius and approximately 167,013 residents.

Property Details for 15255 Northsight Blvd

Property type
Retail properties, Retail space
Square Feet
128,159 SF
Year Built
2000
Buildings
1
Stories
1
Lot Size (sq. ft)
525,334 SF

Location Insight

City
Scottsdale
County
Maricopa
State
Arizona
Latitude
33.6219483
Longitude
-111.8935511
15255 Northsight Blvd, Scottsdale, Arizona

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15255 Northsight Blvd
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