Phoenix, AZ - Sunrise Plaza

Description:

• Anchored by Sunrise Preschool (NAP) and Shadow Anchored by Aldi (NAP)
• 100% occupied with a diverse, ecommerce resistant tenant lineup comprised of entertainment, medical, and educational tenants, creating a stabilized income stream for a future investor
• All tenants operate under leases which are NNN in nature, minimizing expense leakage for a future investor
• The majority of tenants are currently paying below-market rents on leases nearing expiration, providing a future investor with a compelling value-add opportunity to increase income by bringing rents up to market

• The asset is located near the signalized, hard corner intersection of North 15th Street and East Bell Road, which supports nearly 51,000 vehicles per day
• The subject property benefits from nearby access to East Greenway Parkway (29,900 VPD), 7th Street (27,000 VPD), and Cave Creek Road (26,900 VPD), making this an ideal, centralized location with easy commutes
• The site is situated less than 1-mile east of Bell Towne Plaza, a 578,000 SF power center anchored by Target, LA Fitness, Burlington, Sprouts, Office Depot, and more
• Other nearby national/credit tenants include Sams Club, Home Depot, Albertsons, Safeway, Bashas, Hobby Lobby, Marshalls, Ross, and more