1515 N 7th Ave
Phoenix, AZ 85007
Corner on 7th · Retail Property For Sale

Stable and Predictable Income 82% of the tenant roster leased to either regional or national retailers with staggered lease terms and average remaining lease terms of nearly 5 years. Consistent and predictable NOI growth through existing tenancy’s scheduled rental increases along with additional growth achieved through leasing the lone vacancy. Internet Resistant Tenancy Seven of the nine units, i.e. 87% of the property, are leased to food and beverage tenants – providing excellent resiliency to internet competition. Significant Visibility The building is positioned along the prominent corner with the parking in the back, which provides excellent visibility to the 71,000 vehicles that travel Seventh Avenue and McDowell Road daily, as well as the constant foot traffic from nearby neighborhoods. Great Synergy The Seventh Avenue and McDowell Road intersection has become a dining destination with more than 15 eateries on this corner alone, including national as well as popular local brands.