For Sale
$12,536,000

4710 Lone Mountain RdCave Creek, AZ 85331

High-yield NNN retail property, Arizona.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a single-story, 3.14-acre retail property in Cave Creek, Arizona, built in 2008. The property boasts a strong 10.25% cap rate, generating a substantial net operating income (NOI) of $1,284,940. Currently leased to Learning Care Group, Inc. (parent company of Tutor Time) under a corporate Absolute NNN lease with 4 years remaining, this investment offers significant security and minimal landlord responsibilities. The lease includes annual rent increases of 1.75%, ensuring consistent growth. Strategically located on a high-traffic corner with nearly 33,000 vehicles passing daily, the property benefits from exceptional visibility and accessibility. The surrounding area demonstrates robust demographics, with an average household income exceeding $162,000 within a one-mile radius. This prime location also enjoys strong retail synergy, situated near major retailers such as Safeway, Fry's, McDonald's, Walgreens, Circle K, and O'Reilly Auto Parts, driving significant foot traffic. The Phoenix retail market is experiencing robust growth, with over 1.4 million square feet of net absorption in the past year, solidifying its position as a top-performing market. This property offers a compelling combination of strong cash flow, long-term lease stability, and significant growth potential in a thriving retail environment. The asking price is $12,536,000.

Highlights

  • High-traffic corner location with nearly 33,000 vehicles per day.
  • Absolute NNN lease, minimizing landlord responsibilities.
  • Corporate lease with Learning Care Group, Inc.
  • Annual rent increases of 1.75%.
  • Phoenix is a top 10 national retail market with 1.4 million square feet of net absorption in the past year.
  • Strong demographics, with $162,000 average household income within one mile.

Property Details for 4710 Lone Mountain Rd

Property type
Schools, Retail properties
Year Built
2008
Buildings
1
Stories
1
Lot Size (sq. ft)
136,778 SF

Location Insight

City
Cave Creek
County
Maricopa
State
Arizona
Latitude
33.77021906
Longitude
-111.98038919
4710 Lone Mountain Rd, Cave Creek, Arizona

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4710 Lone Mountain Rd
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