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Original ChopShop - Phoenix, AZ 2817 N 7th St 2,847 SF Retail Building Phoenix, AZ 85006 $3,810,000 ($1,338.25/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 10-Year Absolute Triple-Net (NNN) Corporate Lease
- Dense Trade Area in the Heart of Phoenix's Midtown District - 404,080 Residents within a Five-Mile Radius
- Subject Site is the 11th ChopShop Location in AZ and is the First Location to Feature an Order-Ahead Pick-Up Window - 27 Total Locations in the US
- Annual Rental Increases with Multiple Renewal Options
- Hard Corner Location at a Busy Intersection - Accessible by Over 99,000 Cars per Day Along Thomas Road and North 7th Street
- Conveniently Located Near Numerous Apartment Buildings and Office Complexes Near Midtown and Downtown Phoenix - 46,783 Employees Located within 1 Mile
EXECUTIVE SUMMARY
Original ChopShop is a Scottsdale-based brand with 27 locations throughout the Phoenix, Tucson, Dallas, Houston, and Atlanta markets. Original ChopShop serves protein bowls, juices, salads, and sandwiches made from scratch.
The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. As of 2020, Metro Phoenix had 4.8 million residents, making it the nation’s 11th-largest metropolitan area.
The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. As of 2020, Metro Phoenix had 4.8 million residents, making it the nation’s 11th-largest metropolitan area.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,847 SF
Building Class
B
Year Built/Renovated
1969/2025
Price
$3,810,000
Price Per SF
$1,338.25
Cap Rate
5.25%
NOI
$200,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.59 AC
Opportunity Zone
Yes
Zoning
C-1, Phoenix
Frontage
AMENITIES
- Restaurant
- Signage
- Drive Thru
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- ChopShop
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| ChopShop | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (83)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 117-29-140A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $140,935 |
PROPERTY TAXES
Parcel Number
117-29-140A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$140,935
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Original ChopShop - Phoenix, AZ | 2817 N 7th St
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