Phoenix Retail NNN Investment
For Sale
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1602 S 7th Ave, Phoenix, AZ
NNN leased retail property with long-term operating history near downtown.
Property Size2,680 SF
Lot Size0.42 Acres
Price / SF$1,092
Days on Market642
Property Features for 1602 S 7th Ave
General Information
Standard status
Active
Size
2,680 SF
Lot size
0.42 Acres
Property subtype
RETAIL
Site & Location
Neighborhood
Encanto
Listing Agency:
Marcus & Millichap | Phoenix
(602) 687-6700
Listed By:
Mark Ruble · License #SA550593000
(602) 770-2935
Source:
Moodyscre
Added: Jan 27, 2025
Changed: Oct 25
Last Checked: Oct 30 at 5:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap | Phoenix
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Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,007
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Phoenix, AZ
Similar Off Market Nearby
- Plant Shop — 214 e roosevelt st, phoenix, az 85004
- Buckaroo Flower Co — 1121 N 2nd St, Phoenix, AZ 85004
- Flowers Plants & Gifts — 1514 W McDowell Rd, Phoenix, AZ 85007
Frequently Asked Questions
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.
