9111 7th St Phoenix, AZ 85020-2515

Property Details for 9111 7th St

Year built

2000

Construction

STEEL FRAME

Lot size

0.96 lot acres

Property size

3,407 SF

Zone code

C-3

Property type

Individual retail properties

APN

159-36-154

APU

15936154

Description

This exceptional investment opportunity presents a 4,264 square foot retail storefront in Phoenix, Arizona, leased to Banner Health under an absolute NNN lease with a corporate guarantee. The property, located at 9111 N 7th St, boasts a strong 6.10% cap rate and a substantial net operating income (NOI) of $140,477. The lease commenced June 16, 2016, and has approximately 3.6 years remaining, with two five-year options and rent bumps of 10% every five years. Situated on approximately 0.96 acres (41,733 square feet) of land, this hard corner location benefits from high visibility and accessibility at a high-traffic intersection exceeding 51,000 vehicles per day. The property's strong location is further enhanced by a densely populated trade area (approximately 361,157 residents within a 5-mile radius) and high average household incomes (over $101,000 within a 3-mile radius). The asking price is $2,300,000, translating to a price per square foot of $539.40. This investment offers a secure, long-term opportunity with a financially stable, investment-grade tenant. The building was constructed in 2000. The property's APN is 159-36-154.