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WSS 6021 S Central Ave 15,080 SF Retail Building Phoenix, AZ 85042 $5,530,000 ($366.71/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- New 10-year net lease to WSS, a national footwear retailer. Tenant covers CAM, taxes, insurance, and maintenance; landlord handles roof and structure.
- Guaranteed by Foot Locker Inc. (NYSE: FL), a global footwear and apparel retailer operating in 40+ countries.
- Tenant covers all taxes, insurance, and maintenance, excluding roof and structure.
- 10% rental increases every five (5) years through the initial term and four (4) five-year options.
- In May 2025, Dick’s Sporting Goods announced a \$2.4B acquisition of Foot Locker, adding 2,400 stores to its 846 locations.
- As of July 2025 the brand operates over 100 locations, primarily located in California, Nevada, Arizona, and Texas.
EXECUTIVE SUMMARY
Prime Retail Location: High-visibility and easily accessible location at the signalized intersection of South Central Avenue and Southern Avenue, which experiences a combined traffic count of over 57,000 vehicles per day. Reliable Tenancy: Landlord has invested significant cash into this location. Strong Demographic Base: The five-mile radius serves a populous region of 218,881, with an average annual household income of $101,479 within three miles.
Excellent Traffic Drivers: The property is surrounded by a vibrant mix of local and national retailers that drive the area’s primary economic activity, including Lowe’s, Food City, Safeway, Family Dollar, Circle K, O’Reilly Auto Parts, and many more.
Downtown Phoenix: Five miles from Downtown Phoenix (58K+ residents), allowing the site to capture significant local and commuter traffic. Growing Market Dynamics: Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise this WSS and Phoenix for steady concurrent growth.
Excellent Traffic Drivers: The property is surrounded by a vibrant mix of local and national retailers that drive the area’s primary economic activity, including Lowe’s, Food City, Safeway, Family Dollar, Circle K, O’Reilly Auto Parts, and many more.
Downtown Phoenix: Five miles from Downtown Phoenix (58K+ residents), allowing the site to capture significant local and commuter traffic. Growing Market Dynamics: Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise this WSS and Phoenix for steady concurrent growth.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
15,080 SF
Building Class
B
Year Built
2003
Price
$5,530,000
Price Per SF
$366.71
Cap Rate
7.50%
NOI
$414,750
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
2.58 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
78 Spaces (5.17 Spaces per 1,000 SF Leased)
Frontage
310’ on Central
AMENITIES
- Corner Lot
- Freeway Visibility
- Signage
- Signalized Intersection
- Monument Signage
Walk Score®
Very Walkable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 114-02-078A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $282,036 |
PROPERTY TAXES
Parcel Number
114-02-078A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$282,036
CONTACTS
-
Scott Crowle -
Michael Yuras -
Russell Train -
Vincent Aicale -
Ryan Forsyth -
Cushman & Wakefield
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WSS | 6021 S Central Ave
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