Laveen Spectrum Shopping Center – Shops A | 100% Leased | New 2024 Construction
5920 W Baseline Rd, Laveen, AZ
Price: $10,350,000
Status: Sold
Cap Rate: 5.65%
Year Built: 2024
NOI: $467,532
Lot Size: 1.90 acres
Price Per Foot: $816
Lease Type: Triple-Net (NNN)
Remaining Term:
GLA: 10130 sqft
Property Intro
Lee & Associates is pleased to present the opportunity for a qualified investor to acquire Fee Simple interest (land & building) in Laveen Spectrum Shopping Center located in Laveen, AZ (Phoenix, MSA). This meticulously designed center stands as a testament to modern retail excellence, offering a compelling investment proposition with a 100% leased status and a roster of best-in-class tenants and co-tenants. Anchored by the renowned EOS Fitness, this center sets the standard for retail destinations.
Positioned strategically off the 202 Loop, with a notable daily traffic volume of 60,000 vehicles, and Baseline Road, experiencing 21,000 vehicles per day, the shopping center enjoys unparalleled accessibility and visibility. Additionally, boasting monument sign frontage to the 202 Loop Freeway and multiple points of ingress/egress, the center ensures ease of access for both tenants and patrons alike.
Nestled in the vibrant Southwest Valley of Phoenix, characterized by unprecedented growth and new development, the shopping center is ideally situated to capitalize on the burgeoning opportunities in the region. The bustling Baseline Road retail trade area, attracting a staggering 6.2 million visitors annually (source: placer.ai), underscores the immense potential and attractiveness of this investment.