6021 Central Ave Phoenix, AZ 85042-4234

This Phoenix, Arizona storefront offers a compelling investment opportunity. The 15,080 square foot property, built in 2002 and renovated in 2023, is 100% occupied by a corporate-guaranteed tenant under an 11-year NNN lease commencing December 1, 2023, and expiring December 1, 2034, with four 5-year options. The lease includes a 10% rent increase in March 2029 and at the start of each option period, providing built-in inflation protection. The property boasts a 6.75% cap rate and a Net Operating Income (NOI) of $414,700, with an asking price of $6,144,000 ($407.43/sq ft). Situated on a 2.58-acre lot with 78 parking spaces, the property enjoys excellent visibility at a signalized intersection averaging 59,700 vehicles daily. Its location in a dense retail corridor near South Mountain High School and Foothill Shopping Center ensures high traffic and strong tenant synergy. The 5-mile trade area has approximately 210,000 residents and 185,000 employees, with an average household income of $88,508 within a 3-mile radius. The property features a new roof installed in 2024 with a 2-year contractor and 10-year manufacturer warranty. The permitted zoning is commercial, and the APN is 114-02-078A. This fee simple ownership (land and building) presents a low-management, passive investment opportunity with significant upside potential.