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16233 N 83rd Ave, Peoria, AZ, 85382

Red Robin
$4,454,000

Key Information

Cap Rate
6%
$ per SF
$704
Tot. SF
6,324
Lot Size
1.48 Acres
Year Built
2002
Term Remaining
± 13 Years
Type
Retail
NOI
$267,262

Highlights

• Trophy Outparcel Location Across from MLB Spring Training Facility – positioned at the intersection of N 83rd Ave & W Paradise Ln, & less than a mile from Arizona State Route 10 with a combined 172,980 vehicles per day (VPD), offering great access off of the interstate; prime location on a signalized corner near a top visited shopping center in Arizona, capturing increased daily traffic.
• Phoenix MSA | AZ’s Most Populated County | Consistent Population Growth – Maricopa County is home to 4.6M+ residents, which ranks #1 in the state & accounts for more than 60% of Arizona’s total population. Located 15 miles from Phoenix, Peoria is one of the most desirable & consistently growing cities within the Phoenix MSA.
• Ultra-Dense Retail Corridor | Surrounded by Prominent National Retailers – including Target, Old Navy, Dick’s Sporting Goods, TJ Maxx, Chick-fil-A, In-N-Out, McDonald’s, Starbucks, Chipotle, & most other prominent national retailers.
• Adjacent to Arrowhead Towne Center | Centralized Shopping Hub – located near one of AZ’s most visited regional malls, drawing more than 10M+ annual visitors & serving as the dominant retail destination in Phoenix’s rapidly growing West Valley.
• Across from MLB Spring Training Facility – across from the Peoria Sports Complex, the spring training home of the San Diego Padres & Seattle Mariners, benefits from a major seasonal draw that attracts over 212k+ annual visitors.
• Long-Term 13-Year Absolute NNN Lease – zero Landlord responsibilities.
• Attractive Future Uses | Large Building & Lot Size – existing 6,324 SF building on 1.4-acres creates future flexibility & various future uses for investors.

Photos

Location

Agents

Broker of Record

David Harrington

License # BR715518000, CO701910000 (AZ)
Matthews Real Estate Investment Services, Inc
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251