2140 Cactus RdPhoenix, AZ 85022

Property Details for 2140 Cactus Rd

Year built

2017

Construction

STEEL FRAME

Lot size

0.63 AC

Property size (Sq ft)

4,534 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Strip malls

APN

166-14-037M

APU

16614037M

Description

This exceptional Phoenix retail property, built in 2017, offers 4,534 square feet on a 27,356 square foot lot with a Class A designation. Currently featuring a Subway restaurant (1,335 sq ft) under a 5-year lease, the property boasts 3,199 sq ft of vacant space ideal for owner-user occupancy or additional tenants. The building benefits from a highly visible location on E Cactus Rd, experiencing 39,750 vehicles per day, plus an additional 27,680 VPD on N Cave Creek Rd. The property features 36 parking stalls (approximately 7.94 per 1,000 sq ft), a NNN lease structure, and is zoned C-2. With a low 4.3% retail vacancy rate within a 3-mile radius and minimal new construction, this presents a strong value-add opportunity. The asking price is $1,475,000, with a pro-forma NOI of $130,000. The existing Subway tenant will lease back upon closing of escrow for a minimum of 5 years. This single-story building offers significant potential for growth and return on investment in a thriving commercial corridor.

• CAP approach

  CAP return

  Valuation

  6%

  $1,088,323

  6.5%

  $1,004,606

  7%

  $932,848

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,761,269

  Geo Method

  $1,761,269

• Alternative Use

  Use

  Valuation

  Residential

  $847,423

  Hospitality

  $776,235

  Educational

  $645,818

  Medical

  $668,029

  Retail

  $1,004,606

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.5971

Longitude

-112.035

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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