6245 E. Cave Creek Road, Cave Creek, AZ 85331

$13,500,000
Building square feet: 16,353
SqFt
List Price
$13,500,000
Status
ACTIVE
Property Type
C-T Zoned, Commercial, Retail, Entertainment, Mixed Use, Special Use
Living Area
Building square feet: 16,353
Lot Size
262,362 square feet
Neighborhood
Town of Cave Creek
Schools
Cave Creek Unified

Property Description

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100% Occupancy
NOI $353,013
Low WALT
Tons of Upside Potential
Prime Opportunity for Redevelopment or Expansion
TCC (Town Commercial Core) Zoning: Commercial, Mixed-Use, Specialty Use. Retail, Entertainment, Hospitality, Multi-Family, Medical

 

Own a piece of Cave Creek's legacy! Situated in Arizona, just north of Phoenix and Scottsdale, Cave Creek is a unique town in the Sonoran Desert, part of the Phoenix Metropolitan area. Nestled in the northern part of Maricopa County, approximately 30 miles north of Phoenix, it shares borders with the City of Carefree to the east and the City of New River to its west. With a population of just under 5,000, Cave Creek attracts a discerning clientele seeking upscale residences at luxury price points.

 

Frontier Town, in operation since 1971, is a prime 6.02-acre property spanning three parcels in the heart of Cave Creek. This well-established western-themed shopping center, currently 100% occupied, not only features 12 storefronts but also comes with a collection of western antiques and additional equipment as part of the sale. The property, with two additional buildings under construction, tons of upside potential and a low Weighted Average Unexpired Lease Term (WAULT), presents an opportunity for an investor to increase the NOI after acquisition.

The site, offering a blank canvas for commercial redevelopment, is ready for your vision. Multiple structures provide flexibility for expansion and growth, allowing you to revitalize and reshape this historic property into a thriving center that seamlessly blends its Western roots with the needs of modern businesses.

 

Fronting to Cave Creek Road, Frontier Town enjoys proximity to notable destinations such as the CIVANA Wellness Resort and Spa and the prestigious Desert Mountain Golf Club. The surrounding trade area is a retail haven, featuring major brands like Fry's Marketplace, Home Depot, Lowe's, CVS, Walmart, Auto Zone, Big O Tires, Burger King, and more.

 

Within a 10-minute radius, you'll find the two-year-old 31,500 SF Abrazo micro-hospital, reflecting a commitment to health and well-being in the community. As the area undergoes new construction with high-end single-family residential communities and condos catering to diverse lifestyles, Frontier Town stands as a prime opportunity for redevelopment. Entrepreneurs, developers, and visionaries are invited to shape the next chapter of this iconic site and contribute to the vibrant narrative of Cave Creek's future.

 

For inquiries or to request the Offering Memorandum (OM), please contact us at:

 

Jackie Lind, 480-878-8060, jackie.lind@kw.com

Alicia Milton, 602-400-7769, alicia@realestatewithalicia.com

 

 

 

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