1602 S 7th Ave Phoenix, AZ
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NNN leased retail property with long-term operating history near downtown.
Type:RETAIL
Property size:
2,680 SFLot size:
0.42 AcresPrice / SF:
$1,092/SF- Added:
- Jan 27, 2025
- Days on Market:
- 459
- Last Refresh:
- Apr 5 at 11:10 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
Listing agent Mark Ruble License #AZ:SA550593000,NV:S.0192964 (602) 770-2935
Listing office Marcus & Millichap | Phoenix (602) 770-2935
Listing date Jan 27, 2025
Source Moodyscre
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
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Liyuen
Restaurant
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.083
- Latitude
- 33.4661
Nearby Similar for Sale
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.
