9241 6th St, Phoenix, AZ 85020-5712

This exceptional investment opportunity presents the North Mountain Shoppes, a 4,001 square foot shopping center located at 9241 N 6th St, Phoenix, AZ 85020. Currently boasting a 100% occupancy rate with six units under long-term, NNN leases featuring 3% annual rent bumps, this stabilized property offers a compelling 8.32% cap rate and a strong NOI of $81,125. The asking price is $975,000, translating to $243.69 per square foot. Built in 1984 and extensively renovated in 2022, the single-story building features attractive glass storefronts with aluminum frames and a covered sidewalk along the entire frontage. Ample parking is provided with 16 spaces, exceeding the typical requirement. The property benefits from a high-traffic location (39,136 Average Daily Traffic Count) near major retailers such as Walmart, Fry's, Starbucks, Circle K, and Planet Fitness. Furthermore, the mix-use zoning permits the addition of up to three stories of apartments above the existing retail space, presenting significant value-add potential for future development. Two ingress/egress points ensure convenient access. This is a rare opportunity to acquire a well-maintained, high-performing retail center in a prime Phoenix location.