5324 7Th Ave Phoenix, AZ 85013
- Lifestyle centers
- 5,245 SF
Current Use by Public Records
- Junior's / Barber Shop
Property Details for 5324 7Th Ave
- Year built
- 1959
- Property size
- 5,245 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This 5,245-square-foot, single-story shopping center in North Central Phoenix, Arizona, presents a compelling investment opportunity. Boasting a 7.00% cap rate and 100% occupancy across six units, the property features a diverse tenant mix including a barber shop, hair salon, tailor, shoe repair, and dog groomer. Built in 1959 and renovated in 2003, the Class B center is situated on a 27,000 square foot lot at a four-way lighted intersection with over 35,000 cars passing daily. The property includes 35 parking spaces, five of which are covered, providing ample parking for tenants and customers. The location benefits from proximity to a drive-thru Starbucks and is surrounded by a thriving community with high household incomes. The property is situated near several schools, parks, and other amenities, including Uptown Plaza Shopping Center and Carl T. Hayden VA Medical Center. The lease type is NNN with a three-year term and rent bumps included. The property's strong tenant base, prime location, and attractive financial metrics make it an ideal addition to any investment portfolio. The asking price is $1,450,000, translating to $276.45 per square foot. The property's address is 5324 N 7th Ave, Phoenix, AZ 85013.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.083
- Latitude
- 33.5161
