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Single-Tenant NNN Retail Property
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6175 S 35th Ave, Phoenix, AZ 85041

Absolute NNN occupancy began in February 2025 and includes 3% annual rent escalations.

Property Size7,000 SF
Lot Size0.92 Acres
Days on Market144

Property Features for 6175 S 35th Ave

General Information

Standard status Active
Size 7,000 SF
Lot size 0.92 Acres
Property subtype Retail

Building Details

Buildings 1
Tenancy Single
Listing Agency: Rein & Grossoehme Commercial Real Estate
Listed By: Nic Chavira · License #BR585772000
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 7:56PM

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 Rein & Grossoehme Commercial Real Estate

Investment Insights

Based on property information with market context.

This single-tenant retail property includes an approximately 7,000-square-foot building on an approximately 40,000-square-foot lot. The asset is occupied by Waba Hair & Beauty Supply under a newly commenced six-year absolute NNN lease beginning in February 2025. The lease provides 3% annual escalations and places no landlord responsibilities on the owner as described in the lease terms.

The property is located at 6175 S 35th Ave in South Phoenix, near Southern Ave and 35th Ave. The tenant operates seven Arizona locations, maintains an A+ BBB rating, and also has an e-commerce presence. Its position within the Phoenix metro area provides a defined regional operating context for the existing retail tenancy.

Key Highlights

  • Approximately 7,000 SF building on an approximately 40,000 SF lot
  • Six‑year absolute NNN lease began in February 2025
  • 3% annual rent escalations

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Dental Office Grocery & Convenience Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

356
Businesses Nearby
171k
Monthly Visits Nearby

Foot Traffic Nearby

Superstores 86% Apparel 6% Dining 5% Shops & Services 3%
Walmart Superstores
146,157 visits/mo 0.3 miles
Goodwill Apparel
10,353 visits/mo 0.4 miles
Filiberto's Mexican Food Dining
8,462 visits/mo 0.3 miles
U.S. Bank Shops & Services
5,812 visits/mo 0.3 miles

Demographics for 85041, AZ

64,639
Population
19,729
Households
3.3
Avg Household Size
31
Median Age
19%
College-Educated
76%
High-School Grad
16.0 sq mi
ZIP Area
4,040
Density / Sq Mi
$70,555
Median Household Income
$40,006
Median Earnings
$1,612
Median Rent
$310,100
Median Home Value

Market

Vacancy Rate% for Retail in Phoenix, AZ

8.5% 2019
8.7% 2020
7.4% 2021
5.6% 2022
5.1% 2023
5.4% 2024
5.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
NNN property - Absolute NNN occupancy began in February 2025 and includes 3% annual rent escalations.
Where is this nnn property located?
The property is located at 6175 S 35th Ave Phoenix, AZ.
What are key features of this property?
This property features: Approximately 7,000 SF building on an approximately 40,000 SF lot; Six‑year absolute NNN lease began in February 2025; 3% annual rent escalations
More about this property
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