8550 Central Ave Phoenix, AZ 85042-7507
Property Lookup
Property profile & analytics
8550 Central Ave Phoenix, AZ 85042-7507
- Retail space
- 9,382 SF
- 1.46 lot acres
Property ID
US07-2375505
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Dollar General / Discount Store
- Western Union / Bank / Credit Union
- Ak's Liquor Store / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
Property Details for 8550 Central Ave
- Year built
- 2012
- Construction
- CONCRETE
- Lot size
- 1.46 lot acres
- Property size
- 9,382 SF
- Zone code
- C-N
- Property type
- Retail space
- APN
- 300-45-493B
- APU
- 30045493B
Description
This exceptional investment opportunity presents a 9,100-square-foot Dollar General store located at 8550 S Central Ave, Phoenix, AZ 85042, in Maricopa County. The property sits on a 1.5-acre lot and boasts a strong 7.50% cap rate, generating a net operating income (NOI) of $112,810. The absolute NNN lease, with a corporate guarantee from Dollar General, provides significant security and features a remaining term of approximately 3 years, with three, five-year renewal options, each including a 10% rent increase. The lease commenced on November 30, 2012, and expires on November 30, 2027. Built in 2012, this well-maintained property enjoys 100% occupancy and benefits from its location within a thriving retail corridor, less than a mile from other national tenants such as Planet Fitness, Fry's Food and Drug, Discount Tire, and AutoZone. The property's asking price is $1,504,120, translating to a price per square foot of $165.29. The substantial population of 182,275 residents within a 10-mile radius ensures consistent customer traffic and strong long-term potential. This is a rare opportunity to acquire a high-performing, passively managed retail investment with a blue-chip tenant and significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.074
- Latitude
- 33.3689
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$26,767
$0.00
$0.00
$345,315
-
$468,600
$1,624,215
$2,092,815
