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    Property profile & analytics
    FOR LEASE
    Strip malls

    3502 W Greenway Rd, Phoenix, AZ 85053

    30,938 SF 2.62 ac lot Built 1982
    Individually Owned 5-yr Hold Free & Clear
    Property ID
    US07-0885814
    Property summary
    AI-generated overview

    This thriving beauty salon in Phoenix, Arizona, presents a fantastic owner-user or hands-off investment opportunity. Located at 3502 W Greenway Rd, 85053, this 1,200 square foot space boasts five hair stylist stations and one nail technician station. The business is established in a prime Northwest Valley location with a strong track record. Currently operating under a leasehold ownership structure, the asking price is $15,000. The current lease is a 5-year NNN (Triple Net) lease with a remaining term of 5 years. The monthly rent is $1200, with additional NNN expenses of $532 per month. The landlord has indicated a willingness to extend the lease for another three to five years to a qualified tenant. Lease terms are negotiable. The price per square foot is $20.83. This is a walk-by-only opportunity; please do not disturb business operations. This asset sale is ideal for an owner-operator seeking an established business or an investor looking for a hands-off approach with a manager already in place. The property is situated in Maricopa County.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1982
    Construction CONCRETE
    Total area 30,938 SF
    Lot 2.62 ac (114,258 SF)
    Zoning code C-2
    APN 207-15-027C
    UPID US07-0885814
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Otto's Diner Restaurant
    • Amherst Animal Clinic Veterinary Clinic
    • Green Way SMokes (Bike/Boat/Book/etc) Store
    • Mr. Sweets Pastries Bakery Specialty Food Shop
    • All Styles Salon Hair & Nails Hair Salon
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $4.95M
    Blend (final) Blend
    $4.72M
    Owner & transaction history
    Caitlyn J Maness · 5 yrs held
    Caitlyn J Maness
    since 2020
    2 recorded transactions
    2020
    2018
    Zoning & alternative use
    C-2 · Phoenix, AZ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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