El Mirage Convenience Store
11817 West Thunderbird Road El Mirage, AZ 85335
11817 West Thunderbird Road, El Mirage, AZ, 85335
Contact for pricing
For Sale
Contact for pricing
Convenience store for sale in growing Phoenix trade area.
Property Size2,303 SF
Price / SF$325.66
Days on Market67
Property Features for 11817 West Thunderbird Road
General Information
- Standard status
- Active
- Size
- 2,303 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1993
Listing Agency
Marcus & Millichap - Phoenix
Listed by
Grant Ziegler · License #SA712174000
Source
Crexi
Added: May 11 Checked: Jul 16 at 5:09 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Phoenix
Investment Insights
Based on property information with market context.
A convenience store is available for sale within the Phoenix MSA. The surrounding trade area is experiencing growth, with approximately 19,800 residents within a one-mile radius. Population and household projections indicate an increase of approximately three percent in the surrounding area over the next five years. The property benefits from a highly visible location along Thunderbird Road, immediately off U.S. Highway 60. Accessibility is enhanced by a combined traffic count of approximately 73,000 cars per day. The location is connected to Loop 101 and Loop 303, two of the area’s busiest regional highways, via U.S. Highway 60. The property size is 2,303 square feet.
Key Highlights
- High Visibility Location: Situated along Thunderbird Road, immediately off U.S. Highway 60, with a combined ±73,000 cars per day.
- Growing Trade Area: Located in the Phoenix MSA with ±19,800 residents within a one‑mile radius.
- Population Growth projected to increase approximately three percent in the surrounding area over the next five years.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.3k | $24.00 |
| − Vacancy | −$3.6k | −$1.56 |
| EGI | $51.7k | $22.44 |
| − OpEx | −$12.9k | −$5.61 |
| NOI | $38.8k | $16.83 |
2,303 SF · lease $24.00/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$553.7K
$484.5K – $646.0K
NOI $38,759 @ 7.0% cap · market cap 5.17%
Second Best
Retail
$414.8K
$363.0K – $484.0K
NOI $29,037 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$712.4K
$623.3K – $831.1K
NOI $49,867 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
LibertyX Bitcoin ATM
Atm
Star Mini Mart
Grocery & Convenience Store
Similar For Sale Nearby
Similar Off Market Nearby
- carniceria sahuayo — 12465 NW Grand Ave, El Mirage, AZ 85335
FAQs
What type of property is this?
Grocery and convenience store - Convenience store for sale in growing Phoenix trade area.
Where is this grocery and convenience store located?
The property is located at 11817 West Thunderbird Road El Mirage, AZ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: High Visibility Location: Situated along Thunderbird Road, immediately off U.S. Highway 60, with a combined ±73,000 cars per day.; Growing Trade Area: Located in the Phoenix MSA with ±19,800 residents within a one‑mile radius.; Population Growth projected to increase approximately three percent in the surrounding area over the next five years.
