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    6155 S 35Th Ave Phoenix, AZ 85017

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    For Sale
    $1,375,000

    NNN corporate ground lease with 14 years remaining.

    Property size:
    6,900 SF
    Lot size:
    0.72 Acres

    Property Features for 6155 S 35Th Ave

    General Information

    Size
    6,900 SF
    Lot size
    0.72 Acres

    Source: Marcus & Millichap | Phoenix Agent Sean Lenchner

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

    Overview

    Phoenix NNN Retail Opportunity

    This retail property in Phoenix features an absolute triple-net (NNN) corporate ground lease with 14 years remaining. The lease includes 10% rental increases every 5 years. The property is located in an infill Phoenix area with a population of 214,164 residents within a 5-mile radius. It benefits from high visibility, with over 51,387 cars per day at the nearby intersection of West Southern Avenue and South 35th Avenue. The property is directly across from a Walmart Supercenter and is surrounded by major national retailers, including Goodwill, Planet Fitness, Taco Bell, Jack in the Box, and Dollar Tree. The average household income exceeds $103,000 within a 3-mile radius. The location is conveniently situated minutes from Downtown Phoenix and Phoenix Sky Harbor International Airport. The property size is 6,900 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    AutoZone Auto Parts Auto Parts Store

    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
    -112.1326114
    Latitude
    33.5262982

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    FAQs

    What type of property is this?
    Storefront property - NNN corporate ground lease with 14 years remaining.
    Where is this storefront property located?
    The property is located at 6155 S 35Th Ave Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $1,375,000.
    What are key features of this property?
    This property features: - Absolute Triple-Net (NNN) Corporate Ground Lease with 14 Years Remaining; - Enjoy scheduled income growth with 10% Rental Increases Every 5 Years; - Located in a densely populated area with 214,164 Residents within a 5-Mile Radius
    (630) 641-9220
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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
    6155 S 35Th Ave Phoenix, AZ 85017
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