New 7-Eleven NNN
1802 S 7th St, Phoenix, AZ
For Sale
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New construction 7-Eleven with 18-year absolute NNN lease.
Property Size4,650 SF
Lot Size1.19 Acres
Price / SF$2,451
Days on Market698
Property Features for 1802 S 7th St
General Information
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Size
Lot size
Property subtype
Site & Location
Neighborhood
Listing Agency:
Secure Net Lease - Dallas
(214) 522-7200
Listed By:
Thomas House · License #826482
(214) 295-7848
Source:
Moodyscre
Added: Dec 12, 2024
Changed: Aug 8
Last Checked: Aug 8 at 5:21AM
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 Secure Net Lease - Dallas
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Investment Insights
Based on property information with market context.
This property features a newly constructed 4,650+/- square foot building situated on a 2.38+/- acre site. It is offered with a brand new, rare 18-year absolute NNN lease, including three 5-year options to renew, and 10% rental increases in year 11 and every 5 years thereafter. The property benefits from high traffic counts at a hard corner location, with direct access to the I-17 (VPD +126,600), US 60, I-10 (VPD +211,000), AZ 51, and Loop 202. It is surrounded by major industrial tenants in Valley Interstate Industrial Center and Sky Harbor Business Park, including Amazon and WESCO Assembly. An ASU campus with over 15,000 students is nearby, and several other major attractions are within 2 miles north, including Chase Field, the Phoenix Convention Center, and Footprint Center. The tenant, 7-Eleven, is the largest chain store operator in the world with over 85,000 stores and holds an S&P rating of A. The property is located in Phoenix, the most populated US capital, with a population of 1,720,000+.
Key Highlights
- Brand new 18‑year absolute NNN lease with options to renew, providing long‑term, stable income.
- High traffic counts at hard corner location with direct access to multiple interstates.
- 2024 construction: a new, modern building on a spacious site.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
782
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Market
Vacancy Rate% for Retail in Phoenix, AZ
Similar Off Market Nearby
- Lee's Market — 420 W Buckeye Rd, Phoenix, AZ 85003
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - New construction 7-Eleven with 18-year absolute NNN lease.
Where is this grocery and convenience store located?
The property is located at 1802 S 7th St Phoenix, AZ.
What is the asking price?
The asking price for this property is $11,400,000.
What are key features of this property?
This property features: Brand new 18‑year absolute NNN lease with options to renew, providing long‑term, stable income.; High traffic counts at hard corner location with direct access to multiple interstates.; 2024 construction: a new, modern building on a spacious site.
