509 Mcdowell RdPhoenix, AZ 85003

Easley's Center, a Class A, stabilized retail investment property located at 509 W McDowell Rd, Phoenix, AZ 85003, presents a compelling opportunity. This multi-tenant property, encompassing 13,259 square feet across two buildings on a 24,924 square foot lot, boasts 100% occupancy with seven tenants. The property features a mix of uses including restaurant, shopping center, and storefront spaces, totaling 11,959 net rentable square feet. Recently renovated in 2022, the property offers modern finishes and a distinctive design. The asking price is $5,500,000, representing a price per square foot of $414.81 and a 5.00% cap rate. The property benefits from a high-traffic location on McDowell Road, within a densely populated area with strong daytime population and income levels from nearby historic neighborhoods. Seller financing is available. The property's location provides excellent street-front exposure and is situated near the Willo and Encanto districts. This is a truly exceptional opportunity to acquire a trophy asset in a prime downtown Phoenix submarket. The property is a NNN lease type and has a Maricopa County APN of 111-31-137A.