8550 Central Ave Phoenix, AZ 85042-7507

Property Details for 8550 Central Ave

Year built

2012

Construction

CONCRETE

Lot size

1.46 lot acres

Property size

9,382 SF

Zone code

C-N

Property type

Retail space

APN

300-45-493B

APU

30045493B

Description

This exceptional investment opportunity presents a 9,100-square-foot Dollar General store located at 8550 S Central Ave, Phoenix, AZ 85042, in Maricopa County. The property sits on a 1.5-acre lot and boasts a strong 7.50% cap rate, generating a net operating income (NOI) of $112,810. The absolute NNN lease, with a corporate guarantee from Dollar General, provides significant security and features a remaining term of approximately 3 years, with three, five-year renewal options, each including a 10% rent increase. The lease commenced on November 30, 2012, and expires on November 30, 2027. Built in 2012, this well-maintained property enjoys 100% occupancy and benefits from its location within a thriving retail corridor, less than a mile from other national tenants such as Planet Fitness, Fry's Food and Drug, Discount Tire, and AutoZone. The property's asking price is $1,504,120, translating to a price per square foot of $165.29. The substantial population of 182,275 residents within a 10-mile radius ensures consistent customer traffic and strong long-term potential. This is a rare opportunity to acquire a high-performing, passively managed retail investment with a blue-chip tenant and significant upside potential.