10995 99Th AvePeoria, AZ 85345

Property Details for 10995 99Th Ave

Year built

1980

Construction

CONCRETE

Lot size

0.38 AC

Property size (Sq ft)

4,617 SF

Zone code

C-C

Property type

Turn key restaurants

APN

142-52-396

APU

14252396

Description

Grand Center Plaza, a 37,822 square foot retail center in Peoria, Arizona, presents a compelling value-add or redevelopment opportunity. Situated on a 149,677 square foot lot (approximately 3.5 acres) zoned C-2, this single-story property boasts 213 parking spaces, two points of ingress/egress, and excellent visibility with 600 feet of frontage along 99th Avenue, a major thoroughfare. Currently featuring a mix of tenants including a Mexican restaurant, dental office, and beauty salon, up to 6,668 square feet of space is available. The property includes multiple monument signs and easy access to Loop 101. Originally constructed in 1980, the center is undergoing renovations. The strong existing tenant mix, ample parking, and prominent location within a densely populated area (over 100,000 residents within a 3-mile radius) contribute to its significant potential. The property's current NOI is $210,838, with a pro-forma NOI of $417,233. APN: 142-52-395

Location Insight

City

Peoria

County

Maricopa

State

Arizona

Latitude

33.5828

Longitude

-112.272

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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