2441 Indian School Rd Phoenix, AZ 85016

This ±5,573 square foot multi-tenant retail shopping center presents a compelling owner-user or tenant-in-tow investment opportunity in Phoenix, Arizona. Located at 2441 E Indian School Rd, this C-2 zoned property sits on a 0.39-acre lot (APN: 119-04-141) and boasts excellent visibility with over ±71,000 vehicles per day (VPD) on Indian School Road, a major East-West thoroughfare. The property currently has 4 units with 43% occupancy and offers approximately 3,173 square feet of available creative space divisible into 1,887 SF and 1,286 SF units. Asking rent is $24/NNN per square foot annually for the larger suite and $26/NNN for the smaller. Estimated NNN costs range from $5.80 to $6.50 per square foot. The property benefits from its proximity to major retail anchors such as Sprouts, Dutch Bros Coffee, Starbucks, and more, within a 2-minute radius. Its location is also approximately 2 minutes from Interstate 51 (over 167,300 VPD), capturing both morning and evening rush hour traffic. The strong demographics within a 5-mile radius include a population of approximately 341,908 residents with an average household income of $92,393. Furthermore, the property is conveniently located approximately 14 minutes south of the Camelback Esplanade Office Complex, undergoing a $45,000,000 renovation and employing over 5,000 people. The asking price is $1,775,000, representing a pro-forma cap rate of 7.15% and a pro-forma NOI of $126,843. This property offers significant potential for value-add investors and owner-users alike.