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Terribles | Phoenix, AZ 2302 W Northern Ave 4,921 SF Retail Building Phoenix, AZ 85021 $3,100,000 ($629.95/SF) 5.65% Cap Rate

Banks Arizona Phoenix 2302 W Northern Ave, Phoenix, AZ 85021

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INVESTMENT HIGHLIGHTS

  • Absolute NNN Ground Lease Investment - passive, management-free investment
  • 20-Year Lease with Six (6) 5-Year Options; 12.5% increases every 5 years
  • Dense infill trade area near major destinations
  • Brand New 2025 Construction | Strong Real Estate Fundamentals
  • Corporate-Guaranteed Lease - strong rental growth
  • Tenant to start paying rent - February 2026

ATTACHMENTS

Terribles - Northern & 23rd - OM
018-A300 Exterior Elevations

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
4,921 SF
Building Class
B
Year Built
2025
Price
$3,100,000
Price Per SF
$629.95
Cap Rate
5.65%
NOI
$175,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.09 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
C-2, Phoenix - Commercial
Parking
14 Spaces (2.84 Spaces per 1,000 SF Leased)
Frontage
201’ on 23rd Ave

AMENITIES

  • Banking
  • Corner Lot
  • Freeway Visibility
  • Signalized Intersection
  • Drive Thru
  • Monument Signage
  • Air Conditioning
1 1
2302 W Northern Ave, Phoenix, AZ - AERIAL map view
Walk Score®
Very Walkable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

NEARBY MAJOR RETAILERS

Starbucks
La Fitness
The Buffalo Spot
Camp Transformation Center
Chase Bank
IHOP
Albertsons
Sprouts Farmers Market
El Rancho Market IGA
Ono Hawaiian BBQ

PROPERTY TAXES

Parcel Number 158-04-006Q Improvements Assessment $0
Land Assessment $0 Total Assessment $168,927

PROPERTY TAXES

Parcel Number
158-04-006Q
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$168,927
(602) 400-5084

Still interested?

Contact the brokers for more information about this property

CONTACTS

  • Listing ID: 38625444

  • Date on Market: 12/2/2025

  • Last Updated:

  • Address: 2302 W Northern Ave, Phoenix, AZ 85021

More public record information on 2302 W Northern Ave, Phoenix, AZ 85021

The Metrocenter Retail Property at 2302 W Northern Ave, Phoenix, AZ 85021 is currently available. Contact Diversified Partners, LLC for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

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Terribles | Phoenix, AZ | 2302 W Northern Ave
(602) 400-5084 x

Terribles | Phoenix, AZ | 2302 W Northern Ave

John Jackson
(602) 400-5084

Kristina Stamets
(602) 792-5202

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