OLIVE PLAZA | HEALTHCARE-ANCHORED RETAIL CENTER FOR SALE IN PEORIA, AZ

SOUTHWEST CORNER OF 91ST AVENUE & OLIVE AVENUE – PEORIA, AZ

HEALTHCARE-ANCHORED RETAIL CENTER FOR SALE IN PEORIA, ARIZONA

Location 8914 N 91st Ave, Peoria, AZ 85345
Price $6,200,000
Property Type Retail
Sale Type Investment
Net Operating Income $419,229
Cap Rate 6.76%
Lot Size 1.76 Acres / 76,702 SF
Building Size 15,571 SF
Available Parking 93 Spaces
Year Built 2008
Zoning C-2, City of Peoria
APN / Parcel ID 142-55-697
Cross Streets 91st Ave & Olive Ave
Traffic Counts 42,552 VPD (ADT)
Neighborhoods Northwest Valley, Peoria, Glendale, Westgate, Phoenix Retail Market
Listing Status Active

HIGHLIGHTS

Center Offers Great Visibility And Ingress/Egress
Across The Street (Full Access To) Fry’s Foods & McDonald’s
Densely Populated Area Within Peoria With Over 302,000 People In A 5-Mile Radius
More Than 42,500 Cars Per Day Go Through The Intersection Daily
Hassle-Free Investment Perfect For 1031 Exchange
2 Miles North Of Westgate Entertainment District & State Farm Stadium (Formerly Known As University Of Phoenix Stadium), Home Of The Arizona Cardinals Of The National Football League And The Annual Fiesta Bowl.

PROPERTY INFO

Olive Plaza is a single story, retail shopping center located in Peoria, Arizona, with excellent access to and from the Loop 101 Freeway, with high signage visibility options. Across the street (full access to) Fry’s Foods and McDonald’s. Full ingress and egress to 91st Avenue which provides access to the Loop 101 (Agua Fria Freeway), via Olive Avenue. Approximately two miles north of Westgate Entertainment District and State Farm Stadium (formerly known as University of Phoenix Stadium), home of the Arizona Cardinals of the National Football League and the annual Fiesta Bowl. Frontage on arterial serving Peoria, Glendale and Northwest Valley neighborhoods. Major national retailers surround the area.

Olive Plaza is a retail strip center located in Peoria, Arizona, less than 1/2 mile east of the Agua Fria Freeway (Loop 101), at the southwest corner of 91st Avenue and Olive Avenue, allowing easy access to Glendale, Peoria, Phoenix, Sun City, Surprise, the West Valley, Glendale Municipal Airport and numerous employers.

Built in 2008, Olive Plaza offers high visibility street frontage retail space with monument signage available. The neighborhood retail shopping center has ample parking available. Olive Plaza combines a great mix of local and regional retailers and tenants, including T-Mobile, Prescott Healthcare/Family Medical, Glendale Pharmacy, Peoria Dental Center and World Buffet.