Phoenix Retail NNN Investment Opportunity

1602 S 7th Ave, Phoenix, AZ

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For Sale

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

Type:RETAIL

Property size:

2,680 SF

Lot size:

0.42 Acres

Price / SF:

$1,092/SF

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.
Long‑Term Operating History: Tenant has occupied the site since 2008.
Rental Increases: 5% increases every 5 years in the initial four, five‑year renewal options.
Close Proximity to Downtown Phoenix: Located within a 5‑minute drive.

We can help!

Listing Contact

Mark Ruble

For Sale

Contact for pricing

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

Type:RETAIL

Property size:

2,680 SF

Lot size:

0.42 Acres

Price / SF:

$1,092/SF

Added:: Jan 27, 2025
Days on Market:: 505
Last Refresh:: May 20 at 8:52 pm

Property Features for 1602 S 7th Ave

General Information

Standard status: Active
Size: 2,680 SF
Lot size: 0.42 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Mark Ruble

Listing agent Mark Ruble License #(S):AZ:SA550593000,NV:S.0192964

Listing office Marcus & Millichap | Phoenix

Listing date Jan 27, 2025

Source Moodyscre

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All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap | Phoenix

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.
Long‑Term Operating History: Tenant has occupied the site since 2008.
Rental Increases: 5% increases every 5 years in the initial four, five‑year renewal options.
Close Proximity to Downtown Phoenix: Located within a 5‑minute drive.

Overview

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.

Property Profile Location Intelligence

Current Use by Public Records

Liyuen Restaurant

Suggested Use

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Location Insight

Map
Local Demand

City: Phoenix
County: Maricopa
State: Arizona
Longitude: -112.083
Latitude: 33.4661

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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.

1602 S 7th Ave, Phoenix, AZ

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

Property Features for 1602 S 7th Ave

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Licensed Behavioral Health Center

Assisted Living Licensed Home

Phoenix Assisted Living Investment Property

Office/Flex Mixed-Use Property

Turnkey Phoenix Short-Term Rental

Side-by-Side Duplex Investment

2025-Built Duplex Investment

Side-by-Side 2025 Duplexes

5-Unit Multifamily with Recent Renovations

Two-Bedroom Fourplex with Private Yards

Phoenix Duplex with Rental Potential

Fourplex Residential Income Property

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