9812 7Th St Phoenix, AZ 85020

Mountain View Plaza presents a compelling investment opportunity in Phoenix, Arizona's burgeoning Sunnyslope submarket. This multi-tenant retail shopping center, totaling 26,178 square feet, sits on a 2.7-acre lot and features three buildings constructed in 1988 and renovated in 2010. The property boasts a strong tenant mix of 12 businesses, including a diverse range of established and new ventures, showcasing the area's revitalization. Recent lease signings and extensions demonstrate market demand and stability, with a projected pro-forma NOI of $472,112 and a 6.70% cap rate. The center offers ample parking with 153 spaces, five convenient access points, and two 20-foot monument signs for high visibility along 7th Street and Mountain View Road. The property is zoned C-2, allowing for a variety of commercial uses. The asking price is $7,046,459.85, translating to $269 per square foot. Five patios enhance the outdoor experience for patrons. This property represents a unique chance to capitalize on the ongoing transformation of a vibrant and rapidly developing neighborhood. The combination of established tenants, recent lease activity, and the potential for future rent increases makes this a highly attractive investment.