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1201 E Northern Ave
Phoenix, AZ 85020 North Phoenix

$3,300,000 USD

Service Station For Sale  •  2,530 SF

Property Details

• Property Type Service Station
• Total Building Size 2,503 SF
• Lot Size 0.35 AC
• Building Class C
• Year Built 1986
• Cap Rate 5.75 %
• Tenancy Single
• Zoning C-C

43 Transit Score

70 Walk Score

Highlights

Absolute NNN - no landlord responsibilities

Long term primary lease (±20 years remaining)

Qualifies for bonus depreciation

Rental increases every 5 years to hedge against inflation

Located on a hard corner with ±62,375 vehicles per day at 12th St & Northern Ave

Densely populated trade area with over 359,000 residents within 5 miles

Property Flyers

ARCO_Phoenix_1201 E Northern Ave_OM

Cap Rate:

5.75 %

Major Tenants

Tenant	SF Occupied	Lease End Date
ARCO

Amenities

• Bus Line
• Corner Lot
• Signage
• Wheelchair Accessible
• Smoke Detector

Public Transportation

Airport	Drive	Walk	Distance
Phoenix Sky Harbor International	19 min	-	11.4 mi
Phoenix-Mesa Gateway	51 min	-	38.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	15
Type:	Surface
Included in Rent:	Yes