6239 N 7th St - Freestanding FOR SALE


Phoenix, AZ 85014- North Phoenix
$3,990,000 USD
602-703-3133
6239 N 7th St, Phoenix, AZ for Sale
$3,990,000 USD
Freestanding - FOR SALE
1/14
null | 6% Cap Rate

6239 N 7th St
Phoenix, AZ 85014
North Phoenix


HIGHLIGHTS

  • Trophy Location in the heart of east Phoenix Midtown on 7th Street and Claremont Street
  • New Lease Agreements with Burn It Build It and The Aesthetic Syndicate for 10-years each
  • Prime Visibility on 7th Street with Building and Monument Signage and +/-70k VPD
  • Strong Demographics with Avg HH Income over $104k in 1-mi Radius
  • Recently Constructed 2-Story Building in 2017 with over 7/1,000sf Parking Ratio
  • Nearby Developments offer Prime Dining and Shopping with Culinary Dropout, Pure Barre, Wildflower, The Colony Uptown, and more

OVERVIEW

Kidder Mathews proudly presents an exceptional investment opportunity: 7th Street & Claremont, a 7,272 square foot multi-tenant shopping center, continuously stabilized since development in 2017 at 100% occupancy. This trophy property is strategically positioned in the heart of east Phoenix Midtown at the highly trafficked crossroads of 7th Street and Claremont Street. This thriving center has a diverse mix of tenants, with two of the three leases newly extended to 10-year terms, promising a steady flow of income. This dense, well-established submarket has an average household income within a 2-mile radius of $103,569, and population of 411,539 within a 5-mile radius. 7th Street & Claremont thrives on the constant flow of traffic, with approximately 65,000 vehicles per day, a testament to its prime location.

FOR SALE DETAILS

PRICE

$3,990,000 USD

PRICE/SF

$549 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7th & Claremont Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

51

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

-

APN/PARCEL ID

161-15-038

ASK ABOUT THIS PROPERTY

Jenette Bennett, CCIMKidder MathewsMore Info
602-703-3133

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Jenette Bennett, CCIMKidder MathewsMore Info
602-703-3133

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