For Sale
$3,150,000

4301 Civic Center PlzScottsdale, AZ 85251

High-NOI, 12-Year Lease, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a thriving bar and storefront located at 4301 N Civic Center Plaza in Scottsdale, Arizona. The property boasts a substantial 3,280 square feet situated on a 0.11-acre lot (APN 173-40-064B), operating under a 12-year NNN lease with a remaining term of 12 years. The current tenant, I-Mad Bar and Kitchen, generates a strong net operating income (NOI) of $126,000, yielding a compelling 4.00% cap rate at an asking price of $3,150,000. The property is zoned C-3/P-Z, Scottsdale, and was built in 1984. The lease features a flat rent until August 31, 2024, followed by a 5% annual increase commencing September 1st, 2024. This ensures consistent and growing income for the investor. This single-tenant property offers a secure and profitable investment in a desirable Scottsdale location, providing a stable and attractive return on investment. The property's strong tenant, favorable lease terms, and prime location make this an exceptional opportunity for discerning investors seeking a high-performing asset in a thriving market. The property is conveniently located in Maricopa County, Arizona, with the zip code 85251.

Highlights

  • I-Mad Bar & Kitchen investment opportunity in Scottsdale, AZ.
  • $126,000 annual NOI.
  • 12-year NNN lease remaining.
  • Flat rent through August 31, 2024.
  • 5% annual rent increases beginning September 1, 2024.

Property Details for 4301 Civic Center Plz

Property type
Retail properties, Bars
Square Feet
3,280 SF
Year Built
1984
Lot Size (sq. ft)
4,792 SF

Location Insight

City
Scottsdale
County
Maricopa
State
Arizona
Latitude
33.499153
Longitude
-111.9211864
4301 Civic Center Plz, Scottsdale, Arizona

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4301 Civic Center Plz
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