7th & Claremont Center 6239 N 7th St 7,272 SF 100% Leased Retail Building Phoenix, AZ 85014 $3,990,000 ($548.68/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Trophy Location in the heart of east Phoenix Midtown on 7th Street and Claremont Street
- Prime Visibility on 7th Street with Building and Monument Signage and +/-70k VPD
- Recently Constructed 2-Story Building in 2017 with over 7/1,000sf Parking Ratio
- New Lease Agreements with Burn It Build It and The Aesthetic Syndicate for 10-years each
- Strong Demographics with Avg HH Income over $104k in 1-mi Radius
- Nearby Developments offer Prime Dining and Shopping with Culinary Dropout, Pure Barre, Wildflower, The Colony Uptown, and more
EXECUTIVE SUMMARY
Kidder Mathews proudly presents an exceptional investment opportunity: 7th Street & Claremont, a 7,272 square foot multi-tenant shopping center, continuously stabilized since development in 2017 at 100% occupancy. This trophy property is strategically positioned in the heart of east Phoenix Midtown at the highly trafficked crossroads
of 7th Street and Claremont Street. This thriving center has a diverse mix of tenants, with two of the three leases newly extended to 10-year terms, promising a steady flow of income.
This dense, well-established submarket has an average household income within a 2-mile radius of $103,569, and population of 411,539 within a 5-mile radius. 7th Street & Claremont thrives on the constant flow of traffic, with approximately 65,000 vehicles per day, a testament to its prime location.
of 7th Street and Claremont Street. This thriving center has a diverse mix of tenants, with two of the three leases newly extended to 10-year terms, promising a steady flow of income.
This dense, well-established submarket has an average household income within a 2-mile radius of $103,569, and population of 411,539 within a 5-mile radius. 7th Street & Claremont thrives on the constant flow of traffic, with approximately 65,000 vehicles per day, a testament to its prime location.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,272 SF
Building Class
A
Year Built
2017
Price
$3,990,000
Price Per SF
$548.68
Cap Rate
6%
NOI
$239,400
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.27
Lot Size
0.61 AC
Parking
51 Spaces (7.01 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (73)
Bike Score®
Very Bikeable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 161-15-038 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $249,534 |
