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7-11 4002 E McDowell Rd 2,400 SF Retail Building Phoenix, AZ 85008 $1,895,000 ($789.58/SF)
INVESTMENT HIGHLIGHTS
- Month-to-Month tenancy increase to Market Rent or Owner user property
- Approximately 10 minutes (3.9 miles) to Phoenix Sky Harbor International Airport
- 4 points of ingress/egress
- High traffic counts McDowell Rd: 32,000+ VPD , 40th St: 16,000+ VPD
- 2 monument signs
- East Phoenix / Arcadia-adjacent corridor
EXECUTIVE SUMMARY
True Hard-Corner Retail Opportunity
Offered for sale is a freestanding ±2,400 SF convenience store located on a true hard corner at North 40th Street and East McDowell Road in East Phoenix. The property sits on a ±15,769 SF lot with excellent frontage of ±120 feet on 40th Street and ±130 feet on McDowell Road, providing strong visibility, access, and signage exposure.The property is zoned C-2 (Intermediate Commercial) and the existing tenant is month-to-month, creating an ideal value-add or owner-user opportunity. Buyers can re-lease at market rates, re-tenant, or occupy the building. The site benefits from strong traffic counts with approximately 32,000+ vehicles per day on McDowell Rd and 16,000+ vehicles per day on 40th St. The property is approximately 10 minutes (3.9 miles) from Phoenix Sky Harbor International Airport with quick access to I-10 and Loop 202. Surrounded by dense residential neighborhoods and established retail, this property is well suited for convenience retail, QSR, smoke shop, or neighborhood-serving uses.
Offered for sale is a freestanding ±2,400 SF convenience store located on a true hard corner at North 40th Street and East McDowell Road in East Phoenix. The property sits on a ±15,769 SF lot with excellent frontage of ±120 feet on 40th Street and ±130 feet on McDowell Road, providing strong visibility, access, and signage exposure.The property is zoned C-2 (Intermediate Commercial) and the existing tenant is month-to-month, creating an ideal value-add or owner-user opportunity. Buyers can re-lease at market rates, re-tenant, or occupy the building. The site benefits from strong traffic counts with approximately 32,000+ vehicles per day on McDowell Rd and 16,000+ vehicles per day on 40th St. The property is approximately 10 minutes (3.9 miles) from Phoenix Sky Harbor International Airport with quick access to I-10 and Loop 202. Surrounded by dense residential neighborhoods and established retail, this property is well suited for convenience retail, QSR, smoke shop, or neighborhood-serving uses.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,400 SF
Building Class
B
Year Built
1999
Price
$1,895,000
Price Per SF
$789.58
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.36 AC
Zoning
C-2, Phoenix
Parking
7 Spaces (2.92 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Walk Score®
Very Walkable (70)
Bike Score®
Very Bikeable (78)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 126-06-047A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $49,196 |
PROPERTY TAXES
Parcel Number
126-06-047A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$49,196
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7-11 | 4002 E McDowell Rd
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