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7-Eleven 1802 7th st

4,650 SF 4-Star Retail Building Phoenix, AZ 85034 £8,919,930 (£1,918/SF) 5% Net Initial Yield

Investment Highlights

  • 2024 Construction. 4,650+/- SF Building on 2.38+/- Acre Site
  • Surrounded by Major Industrial Tenants in Valley Interstate Industrial Center and Sky Harbor Business Park Including, Amazon and WESCO Assembly.
  • 7-Eleven (S&P Rated A) is the Largest Chain Store Operator in the World with Over 85,000 Stores
  • 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.
  • ASU Campus Nearby w/15,000+ Students. Several Other Major Attractions w/in 2 Miles North of Location Include Chase Field, & Phoenix Convention Center
  • Phoenix | Most Populated US Capital | Population: 1,720,000+

Executive Summary

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.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
4,650 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2024
Price
£8,919,930
Price Per SF
£1,918
Net Initial Yield
5%
NOI
£445,997
Tenancy
Single
Number of Floors
1
Building FAR
0.04
Lot Size
2.38 AC
Opportunity Zone
Yes
Parking
28 Spaces

Nearby Major Retailers

Blimpie
Chase
  • Listing ID: 33534961

  • Date on Market: 16/10/2024

  • Last Updated:

  • Address: 1802 7th st, Phoenix, AZ 85034

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