1802 S 7th St
Phoenix, AZ
Price:
$11,400,000
Cap Rate:
5.00%
NOI:
$570,000
Building Size:
Approx. 4,650 Sq. Ft.
Lot Size:
Approx. 2.38 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2024
Investment Overview
- 2024 Construction. 4,650+/- SF Building on 2.38+/- Acre Site
- Brand New Rare 18-Year Absolute NNN, with (3) 5-Year Options to Renew. Includes 10% Rental Bumps in Year 11 & Every 5 Years Thereafter.
- High Traffic Counts at Hard Corner Location. w/ Direct Access to the I-17 (VPD +126,600) /US 60, I-10(VPD +211,000)/AZ 51, and Loop 202.
- Surrounded by Major Industrial Tenants in Valley Interstate Industrial Center and Sky Harbor Business Park Including, Amazon and WESCO Assembly.
- ASU Campus Nearby w/15,000+ Students. Several Other Major Attractions Within 2 Miles North of Location Include Chase Field, Phoenix Convention Center, and Footprint Center.
- 7-Eleven (S&P Rated A) is the Largest Chain Store Operator in the World with Over 85,000 Stores
- Phoenix | Most Populated US Capital | Population: 1,720,000+