1851 W Northern Ave | Phoenix, AZ 85021
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- LoopNet Team
1851 W Northern Ave
Phoenix, AZ 85021
EZ STOP MARKET · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- PRIME HARD CORNER RETAIL ASSET – Strategically located at the signalized hard corner of 19th Ave and Northern Ave, this high exposure retail asset
- PASSIVE TRIPLE NET LEASE – Featuring a Triple Net Lease, the property requires little Landlord Responsibilities as the tenant reimburses NNN expenses
- HIGH TRAFFIC, HIGH-VISIBILITY LOCATION – Situated at a major intersection with ±62,872 Vehicles Per Day, the property commands excellent exposure
- ATTRACTIVE YIELD WITH BUILT-IN RENT UPSIDE – This opportunity offers a 6.61% Cap Rate and 3% Annual Rent Increases.
- BUILT-IN FLEXIBILITY WITH LANDLORD TERMINATION OPTION – The lease includes a Landlord Option to Terminate with 12 Months’ notice
- STRONG DEMOGRAPHICS AND CONSUMER BASE – The surrounding area boasts a population of 180,909 within 3 Miles and 447,323 within 5 Miles
PROPERTY FACTS
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,966 SF
Building Class
B
Year Built
1989
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.31 AC
Zoning
C-N
Parking
8 Spaces (2.7 Spaces per 1,000 SF Leased)
Frontage
155’ on W Northern Ave
AMENITIES
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 157-04-068M | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $61,403 |
PROPERTY TAXES
Parcel Number
157-04-068M
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$61,403
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