2807 N 35th Ave 1,500 SF Retail Building Phoenix, AZ 85009 $1,250,000 ($833.33/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Drive Through
- Great Exposure
- 10 Year Lease in place with two 5-year Extensions.
EXECUTIVE SUMMARY
Great location with grandfathered Drive-through. Existing liquor store business with initial 10 year lease ending September 30, 2032 and then two 5-year extensions. Great long term Investment.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,500 SF
Building Class
B
Year Built
1968
Price
$1,250,000
Price Per SF
$833.33
Cap Rate
6%
NOI
$75,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.37 AC
Opportunity Zone
Yes
Zoning
C-2 - C-2 Commercial
Frontage
300’ on 35th Avenue
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 108-10-132H | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $26,323 |
