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Angie's Lobster Distribution Center
For Sale
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880 E Lone Cactus Dr, Phoenix, AZ 85024

North PHX distribution facility offered with a 20-year NNN lease structure.

Property SizeContact for details
Days on Market145

Property Features for 880 E Lone Cactus Dr

General Information

Standard status Active
Class Class A
Property subtype Industrial

Financials

Asking Price $5,750,000
Cap Rate 6%
Listing Agency: Launch Development Group
Listed By: Joe Compagno · License #SA554895000
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 4:00AM

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 Launch Development Group

Investment Insights

Based on property information with market context.

Angie's Lobster Distribution Center is a distribution facility at 880 E Lone Cactus Dr in Phoenix, Arizona. The asset is offered for sale with a 20YR NNN lease structure and a 6.00% cap rate.

Located in North PHX, the property is classified within the industrial real estate category and carries a distribution-center designation. The offering combines an industrial asset type with a long-term NNN lease structure, providing a clearly defined framework for evaluating the property as a commercial investment.

Key Highlights

  • Distribution center at 880 E Lone Cactus Dr, Phoenix, AZ 85024
  • 20YR NNN lease structure
  • 6.00% cap rate

Property Analytics

Current Use

DiLandri Family Foods Grocery & Convenience Store Angie's Prime Grill Restaurant

Suggested Use

Top Pick Restaurant Law Firm Hair Salon Spa & Massage Center Real Estate Agency Parking Lot & Garage

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

Location Intelligence

Trade Area within ½ mile

196
Businesses Nearby

Demographics for 85024, AZ

26,021
Population
11,032
Households
2.4
Avg Household Size
37
Median Age
45%
College-Educated
93%
High-School Grad
11.7 sq mi
ZIP Area
2,224
Density / Sq Mi
$97,759
Median Household Income
$52,441
Median Earnings
$1,813
Median Rent
$430,400
Median Home Value

Market

Vacancy Rate% for Industrial in Phoenix, AZ

6.8% 2019
8.1% 2020
5% 2021
4.4% 2022
8.9% 2023
12.2% 2024
12.7% 2025
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Frequently Asked Questions

What type of property is this?
Distribution center - North PHX distribution facility offered with a 20-year NNN lease structure.
Where is this distribution center located?
The property is located at 880 E Lone Cactus Dr Phoenix, AZ.
What are key features of this property?
This property features: Distribution center at 880 E Lone Cactus Dr, Phoenix, AZ 85024; 20YR NNN lease structure; 6.00% cap rate
More about this property
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