$920,000 USD
602-218-5242
HIGHLIGHTS
- Zong’s currently has just under four years remaining on their base term with one, 5-year option including three (3%) annual increases.
- Subject property is approximately 2 minutes from “Arcadia Plaza” a Sprouts Grocery anchored shopping center with other nearby tenants including Dutch
- Indian School Plaza located in one of the most dominant retail corridors in Phoenix, just off the Southeast Corner of 24th St. & Indian School Road
- This property is approximately 2 minutes East of interstate 51 (Piestewa Freeway) subject to over 167,300 VPD
- Subject property boasts very strong demographics with a population of ±341,908 residents earning an average household income of $122,201
- Indian School is ±4 minutes south from the Camelback Esplanade Office Complex with a strong daytime worker population
FOR SALE DETAILS
PRICE
$920,000 USD
PRICE/SF
$376 USD /SF
CAP RATE
7.61%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
ZONG SMOKE SHOP
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1940
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.2 AC
LAND SF
8,712 SF
ZONING
C-2
APN/PARCEL ID
119-04-143B
ASK ABOUT THIS PROPERTY
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602-218-5242
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602-218-5242
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