Two Freestanding Retail
For Sale
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7080 North 19th Avenue, Phoenix, AZ 85021
Two freestanding retail buildings on separate parcels at a signalized corner, with one absolute-NNN tenant and one vacant building.
Property Size6,695 SF
Price / SF$274.83
Days on Market103
Property Features for 7080 North 19th Avenue
General Information
Standard status
Active
Size
6,695 SF
Class
B
Property subtype
Retail
Zoning
C-3, City of Phoenix
Investment Type
Owner/User
Site & Location
Neighborhood
Alhambra
Building Details
Year Built
2008
Buildings
1
Units
1
Listing Agency:
Lee & Associates - Arizona
Listed By:
John Esslinger · License #AZ SA686454000
Source:
Crexi
Added: Jul 22
Changed: Oct 25
Last Checked: Nov 1 at 6:21AM
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 Lee & Associates - Arizona
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Investment Insights
Based on property information with market context.
Lee & Associates presents two freestanding retail buildings totaling approximately 120,664 SF on separate parcels. Built in 2008 and situated on about 1.95 acres, the offering includes a 13,969 SF building at 1940 W Glendale Avenue with in-place absolute-NNN income from Urgent Care Extra, and a 6,695 SF building at 7080 N 19th Avenue that is currently vacant. Both buildings provide an owner-user and redevelopment path, and they can be offered together or individually.
The property is located on a signalized hard corner in established West Phoenix with approximately 432 feet of frontage along Glendale and 19th Avenues. The site is described as having flexible C-3 zoning in a dense infill setting.
With one occupied building and one vacant building, the configuration supports multiple options for occupancy, leasing, or reconfiguration under the existing C-3 zoning framework.
The property is located on a signalized hard corner in established West Phoenix with approximately 432 feet of frontage along Glendale and 19th Avenues. The site is described as having flexible C-3 zoning in a dense infill setting.
With one occupied building and one vacant building, the configuration supports multiple options for occupancy, leasing, or reconfiguration under the existing C-3 zoning framework.
Key Highlights
- Two freestanding retail buildings totaling 20,664 SF on separate parcels in West Phoenix, built in 2008
- Larger 13,969 SF building at 1940 W Glendale Ave includes in‑place absolute‑NNN income from Urgent Care Extra
- Smaller 6,695 SF building at 7080 N 19th Ave is vacant, offering flexibility to occupy or lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,668
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,513,360
$1.5M
Cap Rate 7%
$1,080,971
$1.1M
Cap Rate 9%
$840,756
$840.8K
Market Conditions
NOI Build-Up for 6,695 SF
Gross rent
$120.5K $18.00/SF
− Vacancy
−$12.4K −$1.85/SF
EGI
$108.1K $16.15/SF
− OpEx
−$32.4K −$4.84/SF
NOI
$75.7K $11.30/SF
Area
Phoenix, AZ
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,513,360
Cap Rate 7%
$1,080,971
Cap Rate 9%
$840,756
Alternative Uses
Best Use
Retail
$1.08M
$945.9K – $1.26M
NOI $75,668 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.03M
$1.77M – $2.37M
NOI $141,958 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
780
Businesses Nearby
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Business Placement
Demographics for 85021, AZ
40,943
Population
18,136
Households
2.3
Avg Household Size
35
Median Age
33%
College-Educated
87%
High-School Grad
6.9 sq mi
ZIP Area
5,934
Density / Sq Mi
$58,481
Median Household Income
$38,147
Median Earnings
$1,221
Median Rent
$433,000
Median Home Value
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Market
Vacancy Rate% for Retail in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Retail space - Two freestanding retail buildings on separate parcels at a signalized corner, with one absolute-NNN tenant and one vacant building.
Where is this retail space located?
The property is located at 7080 North 19th Avenue Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,840,000.
What are key features of this property?
This property features: Two freestanding retail buildings totaling 20,664 SF on separate parcels in West Phoenix, built in 2008; Larger 13,969 SF building at 1940 W Glendale Ave includes in‑place absolute‑NNN income from Urgent Care Extra; Smaller 6,695 SF building at 7080 N 19th Ave is vacant, offering flexibility to occupy or lease
