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Phoenix Absolute NNN Sale-Leaseback

$2,769,231

8837 N Central Ave, Phoenix, AZ 85020

Active
Last Updated: 02/26/2025

6,000 sqft

Building Size

0.2894 acres

Lot Area

Details:
Building Size:    6,000 sqft
Lot Area:    0.2894 acres
Occupancy:    100%
Class:    B
Year Built:    2002
Floors:    1
Highlights:
  • Absolute NNN Sale-Leaseback Opportunity
  • NOI: $180,000.00
  • Cap Rate: 6.50%
  • Approximately 6,000 SF Office/Retail Building
  • Established Tenant with Corporate Guaranty
  • Brand New 10 Year Lease
  • $30.00 PSF NNN
  • 10% Annual Increase in Year 6
  • Two (2) Three (3) Year Options to Renew
Description:

Introducing a prime investment opportunity in the heart of Phoenix, AZ. This impressive +/- 6,000 SF office/retail building, meticulously constructed in 2002, is ideally suited for investors seeking a sale/leaseback opportunity with 100% occupancy by an established tenant. Zoned C-2 by the City of Phoenix, this property is a valuable asset in a thriving commercial area. Its modern design and strategic location make it a compelling choice for office building investors looking to secure a stable and lucrative asset in the Phoenix market.

Discover the vibrant surroundings of the property located at 8837 N Central Ave., Phoenix, AZ, 85020. This bustling area offers convenient access to a variety of amenities, including the popular Roadrunner Park and Phoenix Mountain Preserve for outdoor enthusiasts. Nearby, the lively dining and retail options along North Central Avenue provide a mix of local flavors and national brands and the property is ver near some of the most expensive housing in Metro Phoenix. The stunning mountain views and scenic desert landscapes of the area create an inspiring backdrop for professionals. With easy access to major transportation routes, the location offers a perfect blend of urban convenience and natural beauty in a prime Phoenix location.

Map:
Documents:
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Offering_Memorandum_8837_N_Central_Ave.pdf
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