Corner Retail Strip Center with
5233 S Central Ave Phoenix, AZ 85040
For Sale
$3,575,000
Infill strip center with small shop suites and Family Dollar anchor, featuring corner frontage with about 31,000 daily vehicles.
Property Size24,660 SF
Price / SF$144.97
Days on Market184
Property Features for 5233 S Central Ave
General Information
Standard status
Active
Size
24,660 SF
Listing Agency:
R.O.I. Properties
(602) 881-4724
Listed By:
Reuben Z Nach · License #SA687040000
(602) 881-4724
Source:
Exprealty
Added: Jan 27
Changed: Jul 21
Last Checked: Jul 21 at 10:30PM
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 R.O.I. Properties
Investment Insights
Based on property information with market context.
This infill retail strip center is configured with in-demand small shop suites designed to support both local and national tenants. The center includes an anchor tenant, Family Dollar, with a low and replaceable rental rate, providing leasing flexibility. The offering also contemplates lease-up of existing vacancies to support future income potential.
Located at 5233 S Central Ave in Phoenix, AZ, the site benefits from prime corner frontage and is exposed to approximately 31,000 vehicles per day. The property also offers strong transit access. The surrounding trade area is supported by more than 20,500 residents within one mile, with planned multifamily development nearby adding to the local demand base.
Located at 5233 S Central Ave in Phoenix, AZ, the site benefits from prime corner frontage and is exposed to approximately 31,000 vehicles per day. The property also offers strong transit access. The surrounding trade area is supported by more than 20,500 residents within one mile, with planned multifamily development nearby adding to the local demand base.
Key Highlights
- Infill strip center with small shop suites and an anchor tenant, Family Dollar
- Corner frontage with approximately 31,000 vehicles per day for consistent traffic exposure
- Low and replaceable Family Dollar rental rate noted, offering flexibility
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $443.9k | $18.00 |
| − Vacancy | −$45.7k | −$1.85 |
| EGI | $398.2k | $16.15 |
| − OpEx | −$119.4k | −$4.84 |
| NOI | $278.7k | $11.30 |
24,660 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.98M
$3.48M – $4.65M
NOI $278,712 @ 7.0% cap · market cap 7.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.47M
$6.54M – $8.71M
NOI $522,881 @ 7.0% cap · market cap 14.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Strip mall - Infill strip center with small shop suites and Family Dollar anchor, featuring corner frontage with about 31,000 daily vehicles.
Where is this strip mall located?
The property is located at 5233 S Central Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $3,575,000.
What are key features of this property?
This property features: Infill strip center with small shop suites and an anchor tenant, Family Dollar; Corner frontage with approximately 31,000 vehicles per day for consistent traffic exposure; Low and replaceable Family Dollar rental rate noted, offering flexibility
