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    6175 S 35Th Ave Phoenix, AZ 85017

    For Sale
    $1,957,000

    NNN leased retail property with scheduled rent increases in Phoenix.

    Property size:
    7,000 SF
    Lot size:
    0.92 Acres

    Property Features for 6175 S 35Th Ave

    General Information

    Size
    7,000 SF
    Lot size
    0.92 Acres

    Source: Rein & Grossoehme Agent Jake Ertle

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Phoenix Retail NNN Investment Opportunity

    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.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.1320342
    Latitude
    33.3905238

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    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.
    (480) 214-9400
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    6175 S 35Th Ave Phoenix, AZ 85017
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    Phoenix, AZ 85017
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6175 S 35Th Ave Phoenix, AZ 85017
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