This exceptional retail investment opportunity presents a 4,000 square foot property located at 21137 E Rittenhouse Rd, Queen Creek, Arizona, 85142. Built in 2008, the property sits on a substantial 43,754 square foot lot, offering ample space and potential for future development or expansion. Currently configured as a two-tenant net-leased property, this asset provides a stable income stream with a compelling 5.40% capitalization rate. The asking price is $2,425,000. This property is ideally situated in the thriving Queen Creek market within Maricopa County, offering excellent visibility and accessibility. The substantial lot size provides significant flexibility for future uses or expansion opportunities. The strong tenant occupancy and attractive cap rate make this a highly desirable investment for those seeking a stable, high-yielding retail asset in a rapidly growing Arizona market. Detailed financial information and tenant lease agreements are available upon request. This is a turnkey investment opportunity ready for immediate income generation. The property's 2008 construction ensures relatively modern facilities and reduced maintenance needs. Don't miss this chance to acquire a prime retail property in a prime location.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$1,112,140
Hospitality
$1,018,715
Educational
$847,559
Medical
$876,707
Retail
$1,318,424
Location Insight
City
Queen Creek
County
Maricopa
State
Arizona
Latitude
33.2508
Longitude
-111.628
CBSA code
38060
CBSA name
PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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