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5120 N Central Avenue, Phoenix, AZ

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5120 N Central Avenue

NWC Central Ave & Medlock Dr (2 blks N/ Camelback)
Phoenix, AZ 85012-1441 - Downtown Phoenix Ret Submarket

(4.0 MB)

Property Type:Retail Sub Type:Restaurant Status:Existing , Renov 2016 Year Built:1975
Building Size:5,000 SF Land Area:.6 AC (26,136 SF)
For Sale Price:$4,572,000 Price/SF:$914.40
Cap Rate:5.50 %
Parking:18 Surface spaces are available; Ratio of 2.65/1,000 SF
5,000 SF is available to occupy upon purchase.

This is a freestanding brick building with excellent exposure and tremendous signage along Central Avenue. Quality upgrades include cherry wood walls, granite and hardwood flooring as well as carpeted floor area. Also features a three phase security system that includes video cameras and motion detectors.

Sale Notes:
Two excellent restaurant brands
both on long-term ten (10) year
leases with strong rent increases
MAD Greens is backed by a
corporate guarantee
and Blaze Pizza is
backed by
strong corporate & personal guarantees
Rapidly expanding, fast-casual restaurants
– Blaze Pizza has over 130
locations nationwide and is on pace to open 500 stores by 2020 and
MAD Greens has over 30 locations with projections to open 40-60 units
over the next 3-5 years
Blaze Pizza
ranked #2 brand in 2015 Fast Casual Top 100
, averaging
$1.55M in sales per store
Highly desirable freestanding
building with over 1,500 SF of covered
indoor patio space
Located near the
Central and Camelback Light Rail “Park & Ride”

Phoenix Commercial Advisors
Chad Tiedeman
(602) 288-3472

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