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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

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    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.
    (602) 770-2935
    Request Owner's contact information
    1602 S 7Th Ave Phoenix, AZ 85007
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    Phoenix, AZ 85007
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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
    1602 S 7Th Ave Phoenix, AZ 85007
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