Plaza 40 | 2914-2918 N 40th St
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Plaza 40 2914-2918 N 40th St
3,600 SF 100% Leased Retail Building Phoenix, AZ 85018 £946,800 (£263/SF) 6.24% Net Initial Yield
Investment Highlights
- Investment sale at 100% occupancy with a 6.24% Cap
- Updated in 2022 sporting billboard & monument signage
- Long-term leases in place with minimal landlord involvement needed
- Fenced Lot sitting on 0.29 Acres Zoned C-2
Executive Summary
Long-term, stable investment opportunity featuring three (3) established tenants just south of Arcadia Lite in the Camelback East Village neighborhood, about 10 minutes directly north of Phoenix Sky Harbor Airport. Plaza 40 offers a freestanding retail property with 100% occupancy, generating a gross annual income of $90,900 and a strong 6.24% cap rate. This multi-tenant asset is situated in a high-demand area with significant foot traffic and vibrant local amenities. Secure your foothold in a thriving market with this reliable, income-generating property.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,600 SF
Building Class
C
Year Built/Renovated
1959/2022
Price
£946,800
Price Per SF
£263
Net Initial Yield
6.24%
NOI
£59,075
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.28
Land Acres
0.29 AC
Zoning
C-2, Phoenix
Parking
15 Spaces (4.17 Spaces per 1,000 SF Leased)
Frontage
50 ft on 40th Street
Amenities
- Security System
- Signage
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
- Smoke Detector
Walk Score ®
Very Walkable (74)
Bike Score ®
Very Bikeable (78)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 127-21-060A | Total Assessment | £43,939 (2025) |
| Land Assessment | £0 (2025) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £0 (2025) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
127-21-060A
Land Assessment
£0 (2025)
Improvements Assessment
£0 (2025)
Total Assessment
£43,939 (2025)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
-
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Plaza 40 | 2914-2918 N 40th St
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