1851 W Northern Ave, Phoenix, AZ, 85021
EZ STOP MARKETKey Information
Highlights
INVESTMENT HIGHLIGHTS
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PRIME HARD CORNER RETAIL ASSET – Strategically located at the signalized hard corner of 19th Ave and Northern Ave, this high exposure retail asset benefits from excellent visibility, accessibility, and direct access to the Valley Metro Light Rail.
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ATTRACTIVE YIELD WITH BUILT-IN RENT UPSIDE – This opportunity offers a 6.61% Cap Rate and 3% Annual Rent Increases. Additionally, uncollected prior rent escalations – as stipulated in the lease – present a unique chance for immediate income recapture.
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PASSIVE TRIPLE NET LEASE – Featuring a Triple Net Lease, the property requires little Landlord Responsibilities as the tenant reimburses NNN expenses, and covers the Roof, Structure, Utilities, etc.
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BUILT-IN FLEXIBILITY WITH LANDLORD TERMINATION OPTION – The lease includes a Landlord Option to Terminate with 12 Months’ notice, creating a strategic opportunity for an owner-user or to reposition the asset for alternative use in the dense trade area.
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HIGH TRAFFIC, HIGH-VISIBILITY LOCATION – Situated at a major intersection with ±62,872 Vehicles Per Day, the property commands excellent exposure to consistent consumer traffic.
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STRONG DEMOGRAPHICS AND CONSUMER BASE – The surrounding area boasts a population of 180,909 within 3 Miles and 447,323 within 5 Miles, providing a deep and growing customer base.
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SURROUNDED BY NATIONAL CREDIT TENANTS – Benefit from proximity to major retailers including McDonald’s, Walgreens, Dunkin’ Donuts, AT&T, IHOP, Sprouts, AutoZone, and many more – driving foot traffic and overall area desirability.
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