9812-9832 N 7th St - Freestanding FOR SALE


Phoenix, AZ 85020
$7,046,460 USD
602-757-1319
9812-9832 N 7th St, Phoenix, AZ for Sale
$7,046,460 USD
Freestanding - FOR SALE
1/12
null | 6.7% Cap Rate

9812-9832 N 7th St
Phoenix, AZ 85020


HIGHLIGHTS

  • Sunnyslope Phoenix Mountain Preserve
  • High Performing Local Restaurant Driven
  • Abundant Parking
  • 7th Street Corridor
  • Edgy and Hip

OVERVIEW

Kocour Company is pleased to offer this hip and edgy shopping center to the entrepreneurial and in the know Buyer that understands Mountain View Plaza has reached the north-central Phoenix enclave wave. Mountain View Plaza is located at the base of the Phoenix Mountain Preserve along the bustling 7th Street corridor just south of the Moon Valley neighborhood and at the mouth of Sunnyslope submarket. “The Slope”, as locals call it today, historically has had a bad rap with being plagued with disuse and blight. It was never a secret that million-dollar homes were located at the permitters of Sunnyslope, but the lack of investment had always stunted growth. As infill development and adaptive reuse had become the buzz over the last several years, inevitably Sunnyslope became engulfed in discussions. Soon thereafter, rapidly things began to change. As with many other branded historical neighborhoods such as Willow, Melrose, Coronado, the local restaurateurs took note and began planting seeds. O.H.S.O & Little O’s, The Vig, Little Miss BBQ, Timo wine bar and Sushi Friend to name have now committed and opened fueling the new narrative that Sunnyslope is prime for big attractions. Mountain View Plaza is in that line of the transformation and has begun to reap the onslaught of new happenings. Since 2007, Scramble Breakfast & Lunch Joint has stood as the beacon within the shopping center. Now scheduled to open in the fall of 2024 is the fish market and restaurant known as Driftwoods Seafood. Other recent signings in the last 12 to 18 months include Little Shop of Hydro/Dynapure, Twisted Totem, The Cut and The Collective Salon. In addition, VCA Animal Clinic just recently extended their lease until 2030. A continued stable tenant mix, limited vacancy and the ability to achieve higher rents create great upside for the next Buyer to catch lighting.

FOR SALE DETAILS

PRICE

$7,046,460 USD

PRICE/SF

$269 USD /SF

CAP RATE

6.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mountain View Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

153

LAND DETAILS

CROSS STREETS

NWC Mountain View & 7th St.

LAND ACRES

2.7 AC

LAND SF

117,612 SF

ZONING

C-2, Phoenix

APN/PARCEL ID

159-42-001H

ASK ABOUT THIS PROPERTY

Brian KocourKocour CompanyMore Info
602-757-1319

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Brian KocourKocour CompanyMore Info
602-757-1319

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