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Roeser Plaza 5217-5233 S Central Ave 24,660 SF Vacant Retail Building Phoenix, AZ 85040 $3,575,000 ($144.97/SF) 6.74% Cap Rate

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Investment Highlights

Infill value-add strip center in dense location
Anchor (Family Dollar) has low/replaceable rate
Upside potential to fill vacancies

Comprised of in-demand small suites
Attractive basis - low price per square foot

Executive Summary

This infill value add strip center is positioned in a dense, high demand location and is comprised of in demand small shop suites well suited for local and national users. The center features an anchor tenant, Family Dollar, at a low and replaceable rental rate, creating flexibility and long term upside. Offered at an attractive basis with a low price per square foot, the property presents strong potential to increase value through lease up of existing vacancies. The site benefits from prime corner frontage with approximately 31,000 vehicles per day, strong transit access, and consistent traffic exposure. The surrounding trade area includes over 20,500 residents within one mile and is further supported by planned multifamily development nearby. The property is conveniently located within four to five miles of both Downtown Phoenix and Interstate 10, enhancing accessibility and tenant appeal.

ROESER PLAZA- OM

Property Facts

Sale Type

Investment or Owner User

Property Type

Retail

Building Size

24,660 SF

Building Class

Year Built

1986

Price

$3,575,000

Price Per SF

$144.97

Cap Rate

6.74%

NOI

$240,917

Percent Leased

Vacant

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.25

Lot Size

2.30 AC

Opportunity Zone

Yes

Zoning

C-2 - Commercial

Parking

96 Spaces (4 Spaces per 1,000 SF Leased)

Frontage

348’ on S Central Ave

Signage

Baron Dandy's Barber Shop
Services
-
$9.99
Lorem Ipsum
Jan 0000

Accommodation and Food Services
-
$9.99
Lorem Ipsum
Jan 0000

Dairy Queen began in 1940 when John Fremont McCullough created a new soft-serve formula in Illinois. The first store's immediate success led to rapid franchising across America. Today, the company operates through a franchise model offering both frozen desserts and fast food items. While maintaining its signature soft-serve products, the menu expanded to include Blizzard Treats and various grilled food options. Dairy Queen has established a significant international presence through its franchise network.

G&S Mini-Mart
-
-
$9.99
Lorem Ipsum
Jan 0000

Accommodation and Food Services
-
$9.99
Lorem Ipsum
Jan 0000

Subway began in 1965 when Fred DeLuca opened Pete's Super Submarines in Bridgeport, Connecticut with financing help from Peter Buck. The company pioneered the fast-casual restaurant model focused on customizable submarine sandwiches. After expanding through franchising since 1974, it now maintains dual headquarters in Connecticut and Florida while operating thousands of locations worldwide. The menu features made-to-order subs, wraps, salads and baked goods with fresh ingredients. Though now a global brand, its Connecticut roots remain central to the company's identity.

Tenant	Industry	SF Occupied	Rent/SF	Lease Type	Lease End
Baron Dandy's Barber Shop	Services	-	$9.99	Lorem Ipsum	Jan 0000
	Accommodation and Food Services	-	$9.99	Lorem Ipsum	Jan 0000
G&S Mini-Mart	-	-	$9.99	Lorem Ipsum	Jan 0000
	Accommodation and Food Services	-	$9.99	Lorem Ipsum	Jan 0000