2140 Cactus Rd Phoenix, AZ 85022
- Strip malls
- 4,534 SF
- 0.63 lot acres
Current Use by Public Records
- Subway / Takeout Restaurant / Restaurant
Property Details for 2140 Cactus Rd
- Year built
- 2017
- Construction
- STEEL FRAME
- Lot size
- 0.63 lot acres
- Property size
- 4,534 SF
- Zone code
- C-2
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 166-14-037M
- APU
- 16614037M
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.035
- Latitude
- 33.5971
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
