3-Tenant NNN Retail
For Sale
Contact for pricing
Pending
2535 N Central Ave, Phoenix, AZ 85004
Fully leased improvements feature NNN agreements with extension options and scheduled rental increases.
Property SizeContact for details
Days on Market145
Property Features for 2535 N Central Ave
General Information
Standard status
Pending
Property subtype
Retail
Occupancy
100%
Site & Location
Corner Location
Yes
Pylon Signage
Yes
Traffic Count
25,100 vehicles/day
Road Access
Yes
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
SRS Real Estate Partners Phoenix
(602) 682-6040
Listed By:
Ed Beeh · License #AZ BRO32807000
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 31 at 5:18PM
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 SRS Real Estate Partners Phoenix
Investment Insights
Based on property information with market context.
This fee-simple retail property includes the land and building supporting a newly constructed, three-tenant pad. The asset is fully leased under NNN agreements, with each tenant committed to an initial 10-year term and two 5-year extension options. Contractual rental increases occur during year 6 and when each option begins, while tenants reimburse taxes, insurance, and CAM expenses.
The property occupies the signal-controlled corner of North Central Avenue and East Virginia Avenue in Phoenix. The intersection records combined average daily traffic of 25,100 vehicles, including 20,800 vehicles along North Central Avenue. A substantial pylon sign provides on-site identification along North Central Avenue. Two Valley Metro Rail stations are located within 1,000 feet, and nearby national and credit tenants include Safeway, Walgreens, and CVS.
The surrounding Mid-Town Phoenix trade area includes corporate, medical, healthcare, government, legal, technology, and financial employers. The 3-mile trade area has more than 161,600 residents and 204,600 daytime employees.
The property occupies the signal-controlled corner of North Central Avenue and East Virginia Avenue in Phoenix. The intersection records combined average daily traffic of 25,100 vehicles, including 20,800 vehicles along North Central Avenue. A substantial pylon sign provides on-site identification along North Central Avenue. Two Valley Metro Rail stations are located within 1,000 feet, and nearby national and credit tenants include Safeway, Walgreens, and CVS.
The surrounding Mid-Town Phoenix trade area includes corporate, medical, healthcare, government, legal, technology, and financial employers. The 3-mile trade area has more than 161,600 residents and 204,600 daytime employees.
Key Highlights
- Fully leased, newly constructed 3‑tenant retail pad
- Initial 10‑year leases with 2 (5‑year) extension options
- NNN structure includes tenant reimbursement for taxes, insurance, and CAM
Property Analytics
Property Profile
Current Use
Lease Details
25,100 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5,434
Businesses Nearby
Explore this area
Business Placement
Demographics for 85004, AZ
8,833
Population
6,455
Households
1.4
Avg Household Size
32
Median Age
59%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
4,206
Density / Sq Mi
$71,250
Median Household Income
$46,376
Median Earnings
$1,759
Median Rent
$365,500
Median Home Value
Market
Vacancy Rate% for Retail in Phoenix, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Fully leased improvements feature NNN agreements with extension options and scheduled rental increases.
Where is this nnn property located?
The property is located at 2535 N Central Ave Phoenix, AZ.
What are key features of this property?
This property features: Fully leased, newly constructed 3‑tenant retail pad; Initial 10‑year leases with 2 (5‑year) extension options; NNN structure includes tenant reimbursement for taxes, insurance, and CAM
