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2140 Cactus Rd Phoenix, AZ 85022

Sponsored
For Sale
$1,475,000

Value-add retail, high-traffic location

Property size:
4,534 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional Phoenix retail property, built in 2017, offers 4,534 square feet on a 27,356 square foot lot with a Class A designation. Currently featuring a Subway restaurant (1,335 sq ft) under a 5-year lease, the property boasts 3,199 sq ft of vacant space ideal for owner-user occupancy or additional tenants. The building benefits from a highly visible location on E Cactus Rd, experiencing 39,750 vehicles per day, plus an additional 27,680 VPD on N Cave Creek Rd. The property features 36 parking stalls (approximately 7.94 per 1,000 sq ft), a NNN lease structure, and is zoned C-2. With a low 4.3% retail vacancy rate within a 3-mile radius and minimal new construction, this presents a strong value-add opportunity. The asking price is $1,475,000, with a pro-forma NOI of $130,000. The existing Subway tenant will lease back upon closing of escrow for a minimum of 5 years. This single-story building offers significant potential for growth and return on investment in a thriving commercial corridor.

Property Features for 2140 Cactus Rd

General Information

Property type
Individual retail properties
Square Feet
4,534 SF
Class
A

Building Details

Year Built
2017
Buildings
1
Stories
1

HighLights

  • 2017‑built multi‑tenant retail building, ideal for value‑add or owner‑user.
  • High visibility on Cactus Rd (39,750 VPD) and N Cave Creek Rd (27,680 VPD).
  • Subway (1,335 SF) occupies space with a new design, and has a 5+ year leaseback at cost of entry.
  • 3,199 SF of vacant space available, divisible for multiple tenants with Cactus Rd frontage.
  • Low 3‑mile radius retail vacancy rate (4.3%) and minimal new construction.
  • Ample parking (36 stalls, 7.94/1,000 SF ratio).
Property Profile Location Intelligence

Current Use by Public Records

Subway Sandwich Shop

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Phoenix
County
Maricopa
State
Arizona
Longitude
-112.0356977411
Latitude
33.596800099717

FAQs

What type of property is this?
Individual retail property - Value-add retail, high-traffic location
Where is this individual retail property located?
The property is located at 2140 Cactus Rd Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: 2017-built multi-tenant retail building, ideal for value-add or owner-user.; High visibility on Cactus Rd (39,750 VPD) and N Cave Creek Rd (27,680 VPD).; Subway (1,335 SF) occupies space with a new design, and has a 5+ year leaseback at cost of entry.
More about this property
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