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5120 N Central Avenue, Phoenix, AZ

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DetailMap
5120 N Central Avenue

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

(5.7 MB)

Property Type:Retail Sub Type:Restaurant Status:Existing , Renov 2016 Year Built:1975
Building Size:6,369 SF Land Area:.6 AC (26,136 SF)
For Sale Price:$4,572,000 Price/SF:$717.85
Cap Rate:5.50 %
Parking:18 Surface spaces are available; Ratio of 2.65/1,000 SF
Features:Signage
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:
INVESTMENT HIGHLIGHTS
• 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 MAD Greens has over 30 locations

• 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” station


LOCATION OVERVIEW
• In Phoenix Golden Mile Corridor - Long-term pride of ownership trophy asset in one of the most desirable communities in Phoenix

• The property is located at the extremely desirable and high traffic intersection of Central and Camelback, boasting over 68,000 VPD

• This strong employment corridor includes over 350,000 daytime employees within a 5-mile radius

• Historic affluent neighborhoods surround the subject property with over 422,000 residents within a 5-mile radius

station

Phoenix Commercial Advisors
Chad Tiedeman
(602) 288-3472




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