Van Buren Portfolio

Stabilized Retail Income: The Van Buren Portfolio presents a rare opportunity to acquire a fully occupied, stabilized retail asset delivering predictable cash flow through five-year absolute NNN leases all of which have 4% annual increases. This structure offers investors minimal management responsibility and dependable income, while adjacent multifamily units—currently leased as both yearly rentals and Airbnbs—offer additional upside through lease-up strategies or short-term rental optimization.
Robust In-Place Yield: The portfolio generates a combined NOI of $444,377 across 12,995 SF (8,055 SF of Retail & 4,940 SF of Multifamily), reflecting a blended cap rate of 8.71%. With full retail occupancy, stabilized leases, and conservative pro forma assumptions, investors benefit from in-place cash flow today with opportunity to increase residential income through higher Airbnb occupancy, market-rate adjustments, or operating efficiencies.
Multifamily Leasing Optionality: The multifamily units across 310-312 Van Buren offer flexibility between traditional leasing and short-term Airbnb strategies, allowing investors to adapt to seasonal demand and maximize yield.
Control Both Corners: Ownership of both 1746 W Van Buren and 1800 W Van Buren provides the rare ability to control both corners of the intersection at N 18th Avenue & W Van Buren Street. This creates long-term strategic value. Investors may purchase the properties individually or as a portfolio, providing flexibility in capital deployment. Acquiring both assets allows for operational efficiencies and strategic control of a highly visible retail node.
Strategic Urban Infill Location: Situated on Van Buren Street and 18th Avenue, just 0.5 miles from I-17, the properties enjoy excellent accessibility and exposure to over 36,000 VPD. The proximity to Downtown Phoenix and the Arizona State Capitol enhances tenant demand and long-term desirability.
Thriving Capitol District: The subject is located in the emerging Capitol District, home to 15,000+ government employees and undergoing a major redevelopment surge. With over 3,500 new apartment units under construction within two miles, this area is rapidly transforming into a high-demand mixed-use corridor—positioning the asset for both income growth and long-term appreciation.
Favorable Demographics: Within a 3-mile radius, the population includes 114,307 residents with an average household income of $82,923, reinforcing strong local demand for both retail services and residential units. This demographic profile supports both tenant retention and the long-term viability of rent growth.
Strong Visibility: Situated at the intersection of N 18th Avenue and W Van Buren Street, both assets benefit from strong corner visibility, prominent storefront frontage, and multiple points of ingress and egress. Controlling both corners of the intersection significantly enhances branding opportunities and long-term positioning within the trade area, creating a cohesive retail presence that is difficult for competitors to replicate.

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David Harrington