For Sale
$7,250,000

590 Alma School RdChandler, AZ 85224

Prime Chandler shopping center, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 39,760 square foot shopping center, located at 590 N Alma School Rd in Chandler, Arizona (zip code 85224), presents a compelling investment opportunity. Built in 1985 and situated on a 3.42-acre lot, the property boasts a strong and diverse tenant mix, providing stability and consistent income. The center features 104 parking spaces and benefits from its prime location in the heart of Chandler, with easy access to major freeways, Loop 101 and Loop 202. The asking price is $7,250,000, representing a price per square foot of $182.34 and a compelling 6.31% capitalization rate. The property's Net Operating Income (NOI) is $457,336. The property is zoned C-1, Chandler, and its APN is 302-48-003S. Staggered lease expirations and a long-term anchor tenant contribute to the property's financial strength and long-term potential. The shopping center is beautifully maintained and presents a rare opportunity to acquire a high-performing retail asset in a thriving Arizona market.

Highlights

  • Prime Chandler, AZ location.
  • Diverse, stable tenant mix in a 39,760 SF shopping center.
  • Excellent freeway access to Loop 101 and Loop 202.
  • Staggered lease expirations.
  • Long-term anchor tenant.
  • Property is well-maintained.

Property Details for 590 Alma School Rd

Property type
Lifestyle centers, Power centers
Square Feet
39,760 SF
Year Built
1985
Lot Size (sq. ft)
148,975 SF

Location Insight

City
Chandler
County
Maricopa
State
Arizona
Latitude
33.311480937228
Longitude
-111.85907287014
590 Alma School Rd, Chandler, Arizona

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590 Alma School Rd
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