LA Fitness - Metrocenter

Asset Type

Retail

Address
10046 N Metro Pkwy W Phoenix, AZ United States 85051-1437
Asking Price

S$11,830,000

Sq Footage

49,303

Year Built

1996

Cap Rate

10.50%

Additional Attributes

Property Description

Freestanding retail building anchored by LA Fitness that includes a Pain Stop Clinic and three vacant retail suites. Situated along North Metro Parkway and close to the intersection of Peoria Avenue and Interstate 17. Adjacent to the Metrocenter Mall, a planned urban development (PUD) that will transform the area into a multi-faceted, mixed-use environment which includes an expansion of the Valley Metro Lite Rail leading right into the mall. Surrounded by 13 hotels and national retailers such as Walmart, PetSmart, Barnes and Noble, Ross, Guitar Center and more.

Investment Highlights

  • Property features an NN lease structure with 4 years remaining
  • Upside potential with lease-up of vacant retail suites  
  • High-performing anchor tenant
  • Close to the site of the future Lite Rail which will give easy access to the Phoenix Metro Area
  • Well-positioned along North Metro Parkway and adjacent to the MetroCenter Mall, which will be revamped into a PUD       
Listing Contacts
Peter Bauman
Peter Bauman
SVP, Capital Markets
+65 3159 4021
AZ - SA647389000 NV-186153
Tivon Moffitt
Tivon Moffitt
SVP, Capital Markets
+65 3159 4021
AZ - BR639369000 NE - 20170674 NC - LC673 UT - 11178542-AB00 NV - 186027
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