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1602 S 7Th Ave Phoenix, AZ 85007

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For Sale
$2,927,000

NNN leased retail property with long-term operating history near downtown.

Property size:
2,680 SF
Lot size:
0.42 Acres

Property Features for 1602 S 7Th Ave

General Information

Size
2,680 SF
Lot size
0.42 Acres

Source: Marcus & Millichap | Phoenix Agent Mark Ruble

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


Overview

Phoenix Retail NNN Investment Opportunity

This retail property, located in Phoenix, Arizona, is subject to an absolute triple-net (NNN) lease. The tenant recently exercised a three-year extension, demonstrating commitment to the location, which the tenant has occupied since 2008. The lease includes 5% increases every 5 years in the initial four, five-year renewal options. The property benefits from a hard corner location with high visibility, accessible by approximately 90,000 vehicles per day from McDowell Road and N 7th Avenue. The surrounding area has a dense population of 405,708 residents within a five-mile radius, representing a rare infill opportunity near downtown Phoenix. The property is located within a 5-minute drive of downtown Phoenix and is within a block of Starbucks, Chick-Fil-A, and Jack in the Box. The property size is 2,680 square feet.
Insight Report Location Intelligence

Current Use by Public Records

Liyuen Chinese Restaurant

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

Similar Places Nearby

Angelic Grove, Phoenix School of Flower Design, All US Same Day Flower Delivery - Phoenix, Same Day Phoenix Flower Delivery, Lush Floral DTPHX

Location Insight

  • Map
  • Local Demand
City
Phoenix
County
Maricopa
State
Arizona
Longitude
-112.0830203
Latitude
33.4661403

FAQs

What type of property is this?
Storefront property - NNN leased retail property with long-term operating history near downtown.
Where is this storefront property located?
The property is located at 1602 S 7Th Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $2,927,000.
What are key features of this property?
This property features: - Absolute Triple-Net (NNN) Lease with Tenant Commitment: Tenant recently exercised a three-year extension.; - **High Traffic Location:** Hard corner location with approximately 90,000 cars per day.; - Dense Population: 405,708 residents within a five-mile radius.
More about this property
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