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- LoopNet Team
5538 N 7th St
Phoenix, AZ 85014
The Colony · Property For Lease
Highlights
- Located on the 7th Street Golden Mile Corridor, a restaurant hotspot, with direct exposure to N 7th Street which sees over 40,000 cars per day.
- The N 7th Street corridor connects the historical and highly sought after North-Central neighborhoods with downtown Phoenix and Central City.
- Designed and built by LGE.
- The surrounding area has over 172,000 residents and 122,000 employees in a 3-mile radius who combine for a total consumer spending of $1.8 billion.
- Extremely desirable location for a restaurant or bar in a highly walkable neighborhood with a space that is ready for a food service user.
- Adding 450 sq. ft. covered patio.
PROPERTY FACTS
| Property Type | Retail | Year Built | 2015 |
| Property Subtype | Restaurant | Parking Ratio | 5.48/1,000 SF |
| Gross Leasable Area | 14,403 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 14,403 SF |
| Year Built | 2015 |
| Parking Ratio | 5.48/1,000 SF |
About the Property
CLICK ON 1ST PICTURE TO VIEW ALL PHOTOS. Space may be a high-end alternative use other than a restaurant. The Colony is a high profile retail center ideally located on the 7th Street Golden Mile Corridor in Midtown. N 7th Street is one of the major north/south arteries in Phoenix, and possibly its busiest, seeing over 40,000 cars per day pass in front of The Colony. The surrounding areas near The Colony are densely populated with over 172,000 residents living in a 3-mile radius. Together with the 122,000 daytime employees, this geographic area has a total consumer spending of $1.8 billion annually. This customer base has plenty of options when planning a trip to The Colony. The area is highly walkable for its residents, there are bus stops for route 7 on the same block of N 7th Street, and there is ample parking on-site for drivers. Joining The Colony along the 7th Street Golden Mile Corridor are a plethora of businesses like The Yard, The Womack, Mora Italian, and Cinema Park Village Shopping Center which includes a Bashas’, Ace Hardware, and more. The Colony features tenant signage that is directly visible to N 7th Street as well as monument signage and two points of ingress/egress. Current tenants include Revolu, and Framed Ewe/Phoenix General. The modern design and mural artwork is inviting and draws the eye of all who pass by. The Colony was architecturally designed by renowned architect LGE and was awarded NAIOP, Commercial Real Estate Development Corporation, Retail Project of the Year 2016. Stock & Stable retired. Fully furnished restaurant and Speakeasy; 5 year old equipment; 3,725 square feet restaurant / 1,990 square feet upstairs Speakeasy. 2019 $1,983,008 gross profit.
- Restaurant
