Phoenix, AZ 85018

Original ChopShop & Minnow - 2 Tenant NNN Retail Building

Property Address

4501 North 32nd Street, Phoenix, AZ, USA

Offering Summary

  • Price: $4,955,966
  • Lot Size: 0.60 Acres
  • Cap Rate: 6.0%
  • Year Built: 2018
  • Building SF: 4,369
  • Status: Available
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  • NNN Leases with Two Restaurant Brands - ChopShop has 27 Locations and Minnow is Part of an Established Phoenix-Based Restaurant Group
  • Very Desirable Location in the Arcadia Neighborhood - Adjacent to the Biltmore Corridor
  • Both Tenants Performing Extremely Well – Strong Reported Store Sales
  • Dense Trade Area in the Heart of Phoenix's Arcadia Neighborhood - Daytime Population Exceeds 531,000 People within a 5-Mile Radius
  • Annual Rental Increases with Multiple Renewal Options
  • Hard Corner Location, Easily Accessible by ±44,500 Cars per Day
  • Situated in One of Phoenix's Most Affluent and Highly Sought-After Communities - Average Household Income Exceeds $137,000 in the Immediate Area
  • Down the Road from the Biltmore Corridor - Anchored by the Arizona Biltmore Resort & Golf Club and Home to Offices, Restaurants, and the Biltmore Fashion Park
  • ChopShop has Expanded Into Several Major U.S. Markets - Phoenix, Tucson, Dallas-Fort Worth, Houston, College Station, and Atlanta

Broker Information