2914-2918 N 40th St - Freestanding FOR SALE


Phoenix, AZ 85018
$1,200,000 USD
480-313-3234
2914-2918 N 40th St, Phoenix, AZ for Sale
$1,200,000 USD
Freestanding - FOR SALE
1/7
null | 6.24% Cap Rate

2914-2918 N 40th St
Phoenix, AZ 85018


HIGHLIGHTS

  • Investment sale at 100% occupancy with a 6.24% Cap
  • Long-term leases in place with minimal landlord involvement needed
  • Updated in 2022 sporting billboard & monument signage
  • Fenced Lot sitting on 0.29 Acres Zoned C-2

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$333 USD /SF

CAP RATE

6.24%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Plaza 40

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

C-2, Phoenix

APN/PARCEL ID

127-21-060A

ASK ABOUT THIS PROPERTY

Hudson RobisonReal Estate at The FirmMore Info
480-313-3234

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Hudson RobisonReal Estate at The FirmMore Info
480-313-3234

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.