$2,307,692
Commercial Property for Sale in Sierra Vista Arizona 85635
Sierra Vista, Arizona
Soft OfferCommercial Property for Sale in Phoenix Arizona 85020
8601 N 7th St, Phoenix, Arizona 85020
$2,361,905
$886 / sq ft 5.25% cap rate Listed Oct 11, 2024
2,667 sqft
Building
2,667 sqft
Lot
1995
Built
1
Stories
1
Units
Class A
Class
About this property
Commercial Property for Sale in Phoenix Arizona 85020 is a retail for sale in Phoenix, Arizona, listed at $2,361,905. Key details: year built 1995, building size 2,667 sqft, lot size 2,667 sqft, stories 1. Listed by Tim Westfall of Echo West Capital Advisors on LoopingCloud and last updated October 11, 2024.
This offering features a passive, management-free 20-year lease with 4 five-year renewal options. Filiberto’s is a fast-growing Mexican food brand with over 150 locations, predominantly in Arizona. The lease includes 3% annual rent increases, providing compounding yield over time.
With an absolute NNN lease structure, there are zero landlord responsibilities, making it an ideal hassle-free investment. The property is attractively priced below market, offering a strong opportunity. The lease is personally guaranteed by one of Filiberto’s founding members, adding security to this well-established brand. Located in Central Phoenix, the property benefits from a dense population of over 220,000 residents within a 5-mile radius and is positioned on busy 7th Street, ensuring high visibility and traffic.
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Year Built
- 1995
- Building Size
- 2,667 sqft
- Lot Size
- 2,667 sqft
- Stories
- 1
- Total Units
- 1
- Building Class
- Class A
- Property Status
- Normal Sale
- Building Status
- Existing
Pricing details
- Net Operating Income
- $124,000
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
5.25%
Cap rate
$124,000
Net operating income
$886
Price per sq ft
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $2,361,905 | 5.25% | - | - | - |
Features and amenities
Prominent Tenants
- Absolute NNN lease with zero landlord responsibilities, offering a management-free opportunity.
- Filiberto’s, a well-known Mexican food chain with over 150 locations, primarily in Arizona.
- 20-year lease with 4 five-year renewal options.
Highlights
- Located in Central Phoenix, with over 220,000 residents within a 5-mile radius and high traffic on 7th Street.
- Filiberto’s, a well-known Mexican food chain with over 150 locations, primarily in Arizona.
Location
Address as shown by the lister.
Get directionsAbout this area - Phoenix
- Population
- 34,721
- Housing units
- 16,648
- Land area
- 9.6 sq mi
- County
- Maricopa
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Property documents
1 file to downloadFrequently asked questions
What is the asking price of Commercial Property for Sale in Phoenix Arizona 85020?
Commercial Property for Sale in Phoenix Arizona 85020 is listed at $2,361,905. That works out to about $886 per square foot. The stated cap rate is 5.25%.
Where is Commercial Property for Sale in Phoenix Arizona 85020 located?
The property is in 8601 N 7th St, Phoenix, Arizona 85020, Maricopa County.
What type of property is this?
This is a retail for sale in the commercial category.
How big is the property?
The building is 2,667 sqft. The lot is 2,667 sqft.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Tim Westfall of Echo West Capital Advisors listed this property. Use the Request Info button to send a message or call (602) 628-6298.
When was this listing published?
It was published on October 11, 2024 and last updated on October 11, 2024.
Listing information
- Listing ID
- CL-Arizona-12405
- Published
- Oct 11, 2024
- Last updated
- Oct 11, 2024
- Views
- 542
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