Absolute NNN Ground
For Sale
$2,621,000
1937 N 99th Ave, Phoenix, AZ 85037
Brand-new freestanding improvement with drive-through service bays and a corporate ground lease.
Property Size2,080 SF
Price / SF$1,260
Days on Market153
Property Features for 1937 N 99th Ave
General Information
Standard status
Active
Size
2,080 SF
Property subtype
Retail
Site & Location
Traffic Count
371,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
5.15%
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Phoenix Commercial Advisors
(602) 385-1328
Listed By:
Danny Gardiner · License #SA536326000
Source:
Phoenixcommercialadvisors
Added: Apr 1
Changed: Aug 30
Last Checked: Aug 30 at 10:25AM
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 Phoenix Commercial Advisors
Investment Insights
Based on property information with market context.
This brand-new freestanding property includes a 2,080 SF building with drive-through bays and high-quality construction. The asset is subject to a 15-year absolute NNN corporate ground lease, with no landlord responsibilities stated in the lease structure. Scheduled rent increases are 10% every 5 years during the primary term and option periods, and the property carries a 5.15 cap rate.
The site serves as an outparcel to a shopping center anchored by Sprouts Farmers Market, with Costco, Best Buy, Ross, Harkins Theatres, Hobby Lobby, and Main Event also identified among the surrounding co-tenants. It is positioned at the NEC of 99th & McDowell near the I-10 and Loop 101 connection. The intersection records 371,000+ VPD, while more than 107,000 workers are located within 5-miles. Nearby residential development includes a proposed multi-family project of ±300 units and additional projects totaling ±1,479 units.
The site serves as an outparcel to a shopping center anchored by Sprouts Farmers Market, with Costco, Best Buy, Ross, Harkins Theatres, Hobby Lobby, and Main Event also identified among the surrounding co-tenants. It is positioned at the NEC of 99th & McDowell near the I-10 and Loop 101 connection. The intersection records 371,000+ VPD, while more than 107,000 workers are located within 5-miles. Nearby residential development includes a proposed multi-family project of ±300 units and additional projects totaling ±1,479 units.
Key Highlights
- 15‑year absolute NNN corporate ground lease with no landlord responsibilities
- Brand‑new 2,080 SF freestanding building with drive‑through bays
- 5.15 cap rate with 10% scheduled rent increases every 5 years
Property Analytics
Property Profile
Current Use
Lease Details
371,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
713
Businesses Nearby
470k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 39%
Apparel 33%
Shops & Services 22%
Dining 6%
Costco Wholesale
Superstores
181,342 visits/mo
0.2 miles
Costco Gasoline
Shops & Services
80,087 visits/mo
0.2 miles
Marshalls
Apparel
61,500 visits/mo
0.4 miles
Burlington
Apparel
41,606 visits/mo
0.3 miles
Ross Dress for Less
Apparel
38,840 visits/mo
0.4 miles
Demographics for 85037, AZ
50,929
Population
16,020
Households
3.2
Avg Household Size
29
Median Age
14%
College-Educated
79%
High-School Grad
8.2 sq mi
ZIP Area
6,211
Density / Sq Mi
$81,919
Median Household Income
$40,866
Median Earnings
$1,649
Median Rent
$290,600
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 - Brand-new freestanding improvement with drive-through service bays and a corporate ground lease.
Where is this nnn property located?
The property is located at 1937 N 99th Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $2,621,000.
What are key features of this property?
This property features: 15‑year absolute NNN corporate ground lease with no landlord responsibilities; Brand‑new 2,080 SF freestanding building with drive‑through bays; 5.15 cap rate with 10% scheduled rent increases every 5 years
