NNN Retailverified Verified Listing
Northgate Plaza
location_onPhoenix, AZ
calendar_todayYear Built2009
square_footBuilding Size62,400 SF
landscapeLot Size5.8 Acres
storefrontProperty TypeRetail
star Investment Highlights
- check_circleGrocery-anchored by national-credit tenant with 11 years remaining on NNN lease
- check_circleBelow-market in-place rents offer 14% mark-to-market upside
- check_circleDense infill trade area — 142,000 residents within 3 miles
- check_circleRecent $1.2M capital improvement program completed in 2023
sync_alt 1031 Exchange Suitability
timer Identification Phase45-Day Identification Period12 Days Left
180-Day Exchange Period147 Days Left
Equity to Reinvest
$1.2M
Debt Replacement Needs
$3.05M
Boot Flexibility
High - Seller willing to structure.
groups Tenant Summary
| Tenant | Lease End | Rent/SF |
|---|---|---|
| FreshMart Grocery | 2036 | $11.50 |
| PostalPlus | 2029 | $18.00 |
| Sunrise Dental | 2028 | $21.50 |
| Vacant Suite 140 | — | — |
folder_open Due Diligence
description
Offering Memorandum
PDF • 4.2 MB
table_view
Rent Roll
XLSX • 1.1 MB
bar_chart
3-Year Financials
PDF • 2.8 MB
Asking Price
$8,400,000
Cap Rate
6.5% trending_up
NOI
$546,000
Price/SF
$135
Occupancy
95%
Listing Broker
verified_user
Daniel Reyes
Senior Investment Advisor · Meridian Commercial
License #AZ-BR-558204