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Waba 6175 S 35th Ave 7,000 SF Retail Building Phoenix, AZ 85041 $1,957,000 ($279.57/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Freestanding building
- High Growth Area
- Single Tenant NNN
EXECUTIVE SUMMARY
ABSOLUTE NNN LEASE. Waba Hair & Beauty Supply operates under an absolute triple-net (NNN) lease, ensuring no landlord responsibilities. Experienced Tenant with 7 locations between Phoenix, Arizona and Tucson, Arizona. Positioned in a high-traffic area of Phoenix, Arizona, benefiting from strong visibility and consumer demand.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,000 SF
Building Class
B
Year Built/Renovated
2014/2024
Price
$1,957,000
Price Per SF
$279.57
Cap Rate
7%
NOI
$136,990
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.92 AC
Zoning
C-2 - Commercial
Parking
20 Spaces (2.85 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 105-88-005R | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $170,726 |
PROPERTY TAXES
Parcel Number
105-88-005R
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$170,726
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Waba | 6175 S 35th Ave
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