Phoenix Retail NNN Investment
6175 S 35th Ave Phoenix, AZ
6175 S 35th Ave, Phoenix, AZ, 00000
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For Sale
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NNN leased retail property with scheduled rent increases in Phoenix.
Property Size7,000 SF
Lot Size0.92 Acres
Price / SF$279.57
Days on Market433
Property Features for 6175 S 35th Ave
General Information
- Standard status
- Active
- Size
- 7,000 SF
- Lot size
- 0.92 Acres
- Property subtype
- RETAIL
Listing agency
Rein & Grossoehme
(480) 214-9419
Listed by
Jake Ertle
Source
Moodyscre
Added: May 17, 2025 Updated: Jul 6 at 10:57AM Checked: Jul 21 at 6:55AM
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 Rein & Grossoehme
Investment Insights
Based on property information with market context.
This retail property in Phoenix, Arizona, is leased to Waba Hair & Beauty Supply under an absolute triple-net (NNN) lease, meaning no landlord responsibilities. The building encompasses 7,000 square feet and is situated on a 40,000 square foot lot, providing ample parking and accessibility. The location benefits from high traffic, strong visibility, and consumer demand. The lease term is for 6 years, commencing on February 1, 2025, and expiring on January 31, 2031. The rent escalates from $84,000 annually for Year 1 to $136,990 annually for Year 2, with 3% annual increases throughout the remainder of the initial term. The tenant is experienced and operates 7 locations between Phoenix and Tucson, Arizona. The tenant has 15 days from the date of seller receiving an offer to exercise its right of first refusal.
Key Highlights
- Absolute Triple‑Net (NNN) Lease: Enjoy a truly passive investment with no landlord responsibilities.
- High‑Traffic Location: Positioned in a high‑traffic area of Phoenix, Arizona.
- Strong Rental Income: Rent escalates from $84,000 to $136,990 annually in Year 2, with 3% annual increases thereafter.
Local Financial Insights For 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 | $126.0k | $18.00 |
| − Vacancy | −$13.0k | −$1.85 |
| EGI | $113.0k | $16.15 |
| − OpEx | −$33.9k | −$4.84 |
| NOI | $79.1k | $11.30 |
7,000 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.13M
$988.9K – $1.32M
NOI $79,115 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.12M
$1.86M – $2.47M
NOI $148,425 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - NNN leased retail property with scheduled rent increases in Phoenix.
Where is this retail space located?
The property is located at 6175 S 35th Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,957,000.
What are key features of this property?
This property features: Absolute Triple‑Net (NNN) Lease: Enjoy a truly passive investment with no landlord responsibilities.; High‑Traffic Location: Positioned in a high‑traffic area of Phoenix, Arizona.; Strong Rental Income: Rent escalates from $84,000 to $136,990 annually in Year 2, with 3% annual increases thereafter.
