1802 S 7Th St Phoenix, AZ 85006

This property features a newly constructed 4,650+/- square foot building situated on a 2.38+/- acre site. It is offered with a brand new, rare 18-year absolute NNN lease, including three 5-year options to renew, and 10% rental increases in year 11 and every 5 years thereafter. The property benefits from high traffic counts at a hard corner location, with direct access to the I-17 (VPD +126,600), US 60, I-10 (VPD +211,000), AZ 51, and Loop 202. It is surrounded by major industrial tenants in Valley Interstate Industrial Center and Sky Harbor Business Park, including Amazon and WESCO Assembly. An ASU campus with over 15,000 students is nearby, and several other major attractions are within 2 miles north, including Chase Field, the Phoenix Convention Center, and Footprint Center. The tenant, 7-Eleven, is the largest chain store operator in the world with over 85,000 stores and holds an S&P rating of A. The property is located in Phoenix, the most populated US capital, with a population of 1,720,000+.