Smith's on 7th 4631 N 7th Ave

4631 N 7th Ave , Phoenix, Arizona, 85013 | 3,239 sq.f | $ 1,600,000

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About This Restaurant

Investment Highlights

Value-Add Potential: This deal provides value-add potential through the lease up of ?994 SF of vacant space Strong Demographics: Located near the Biltmore area in the Pierson Place Historic District Dense Retail Corridor: Property is in close proximity to one of the most dense retail corridors in Phoenix Newly Executed NNN Lease: Smith?s on 7th recently signed a new five (5) year lease with two (2) five (5) year options Strong Traffic Counts: Smith?s on 7th is located at the intersection of 7th Avenue & Coolidge street with visible signage from the intersection Nearby Developments: There are over 13,000 units of multifamily under construction within a 5-mile radius of the subject property Including

Executive Summary

Simon AssafLicense No. CO701910000 (AZ)(866) 889-0550Matthews Real Estate Investment Services, Inc4110 N Scottsdale Rd Suite 100,Scottsdale, AZ 85251 USA

Property Details

  • Sale Type    Investment
  • Property Type    Retail
  • Property Subtype    Bar
  • Building Size    3,239
  • Building Class    C
  • Year Built    1944
  • Price    1,600,000
  • Price Per SF    494
  • Cap Rate    6.01
  • NOI    96,160
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.18
  • Land Acres    0.41 AC

Nearby Amenities & Transportation

Retail Hawaiian Bros Island Grill
Retail Capriotti's
Retail Rent-A-Center
Retail BMO
Retail Starbucks
Retail LA Fitness
Retail Fry?s Food Stores
Retail Jinya Ramen Bar
Retail Sky Zone
Retail Dutch Bros

Property Taxes

Parcel Number 155-34-039B Improvements Assessment $0
Land Assessment $0 Total Assessment $40,423
Date Created: 2024-07-16 04:09:20 Last Updated: 2024-07-16 04:09:20
Address: 4631 N 7th Ave , Phoenix, Arizona, 85013