8601 7th St Phoenix, AZ 85020-3110
Property Lookup
Property profile & analytics
8601 7th St Phoenix, AZ 85020-3110
- Retail space
- 2,667 SF
- 0.47 lot acres
Property ID
US07-0807515
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
- Retail space
Property Details for 8601 7th St
- Year built
- 1965
- Construction
- CONCRETE
- Lot size
- 0.47 lot acres
- Property size
- 2,667 SF
- Zone code
- C-C
- Property type
- Retail space
- APN
- 160-04-004D
- APU
- 16004004D
Description
This exceptional investment opportunity presents a fee-simple, single-tenant, absolute NNN lease for a Filiberto's Mexican Food restaurant in Phoenix, Arizona. The 2,667 square foot building, constructed in 1995 and renovated in 2024, sits on a 0.46-acre lot at 8601 N 7th St, 85020, within a high-traffic area boasting strong demographics (220,000+ people within a 5-mile radius). The property benefits from a 20-year lease with 20 years remaining, featuring attractive 3% annual rent bumps and four, five-year renewal options. The current asking price is $2,361,905, representing a price per square foot of $885.60 and a 5.25% cap rate based on a current NOI of $124,000. This is a management-free investment with zero landlord responsibilities, offering significant long-term value and passive income potential. The lease is personally guaranteed by one of Filiberto's original founders, ensuring the stability and longevity of this well-established, fast-growing QSR brand with over 150 locations across Arizona, New Mexico, and California. This property offers a compelling combination of a strong tenant, favorable lease terms, and a prime location in a thriving Phoenix market. The property's APN is 160-04-004D.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.065
- Latitude
- 33.5626
- 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
$7,352
$0.00
$0.00
$81,862
-
$282,600
$213,533
$496,133
