Single-Tenant Absolute NNN
New
For Sale
$1,899,000
1645 N 51ST Avenue, Phoenix, AZ 85035
Freestanding automotive service building leased to Jiffy Lube under an absolute NNN structure with corporate ownership.
Property Size1,936 SF
Lot Size0.38 Acres
Price / SF$980.89
Days on Market5
Property Features for 1645 N 51ST Avenue
General Information
Standard status
Active
Size
1,936 SF
Lot size
0.38 Acres
Property subtype
COMMERCIAL
Occupancy
100%
Site & Location
Traffic Count
33,435 vehicles/day
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$8,176
Building Details
Building Size
1,936 SF
Year Built
1987
Buildings
1
Tenancy
Single
Listing Agency:
RE/MAX Fine Properties
(602) 527-2929
Listed By:
Brett Nicholas · License #SA687827000
(602) 527-2929
Source:
Alexiabertsatos
Added: Aug 24
Changed: Aug 27
Last Checked: Aug 26 at 7:17AM
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 RE/MAX Fine Properties
Investment Insights
Based on property information with market context.
This single-tenant NNN property includes a freestanding automotive service building measuring approximately 1,936 SF on roughly 0.38 acres. Jiffy Lube has operated at the site since 2008, and the lease places responsibility for the roof, structure, property taxes, parking, and other building and property maintenance with the tenant. The current term has 4.5 years remaining, followed by 2-5 Yr options, with 5% rental increases scheduled in 2028 and during each option period.
The property is located at 1645 N 51st Ave in Phoenix, Arizona, just north of West McDowell Road. North 51st Avenue carries 33,435 vehicles per day adjacent to the site. Interstate 10 is minutes away, while the surrounding infill area includes automotive, retail, residential, and industrial uses. The trade area includes 157,552 residents within a 3-mile radius and is served by nearby national retailers and industrial employment centers.
The property is located at 1645 N 51st Ave in Phoenix, Arizona, just north of West McDowell Road. North 51st Avenue carries 33,435 vehicles per day adjacent to the site. Interstate 10 is minutes away, while the surrounding infill area includes automotive, retail, residential, and industrial uses. The trade area includes 157,552 residents within a 3-mile radius and is served by nearby national retailers and industrial employment centers.
Key Highlights
- Absolute NNN lease with 4.5 years remaining and 2‑5 Yr options
- ±1,936 SF freestanding automotive service building on ±0.38 acres
- Jiffy Lube operating at the property since 2008
Property Analytics
Property Profile
Current Use
Lease Details
33,435 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
502
Businesses Nearby
Explore this area
Business Placement
Demographics for 85035, AZ
51,441
Population
15,868
Households
3.2
Avg Household Size
28
Median Age
10%
College-Educated
66%
High-School Grad
5.6 sq mi
ZIP Area
9,186
Density / Sq Mi
$57,790
Median Household Income
$34,363
Median Earnings
$1,390
Median Rent
$244,300
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 - Freestanding automotive service building leased to Jiffy Lube under an absolute NNN structure with corporate ownership.
Where is this nnn property located?
The property is located at 1645 N 51ST Avenue Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: Absolute NNN lease with 4.5 years remaining and 2‑5 Yr options; ±1,936 SF freestanding automotive service building on ±0.38 acres; Jiffy Lube operating at the property since 2008
