1501 E Apache Blvd - Storefront FOR SALE


Tempe, AZ 85281- Downtown Tempe
$2,500,000 USD
480-966-5155
1501 E Apache Blvd, Tempe, AZ for Sale
$2,500,000 USD
Storefront - FOR SALE
1/5
null | 5.38% Cap Rate

1501 E Apache Blvd
Tempe, AZ 85281
Downtown Tempe


HIGHLIGHTS

  • 100% NNN leased to Amazon Prime Now, providing immediate and reliable income.
  • Located within a federally designated Opportunity Zone with potential tax incentives.
  • Positioned near Arizona State University and a Valley Metro Light Rail stop for strong connectivity.
  • ±4,950 SF freestanding building with masonry construction and flexible layout.
  • Surrounded by dense residential neighborhoods and major commercial corridors.
  • Situated in a high-traffic area with excellent visibility and long-term growth potential.

OVERVIEW

This offering presents an opportunity to acquire a fully stabilized retail asset in the heart of Tempe, Arizona. The property, located at 1501 E Apache Boulevard, is 100% NNN leased to Amazon Prime Now, a globally recognized tenant delivering consistent and reliable income from day one. With a sale price of $2,500,000 and a cap rate of 5.38%, the investment provides a strong return backed by a creditworthy tenant. Built in 2005, the ±4,950 SF building sits within a federally designated Opportunity Zone, offering potential tax advantages for long-term investors. The site is strategically positioned just a half-block from a Valley Metro Light Rail stop and near Arizona State University, ensuring excellent accessibility and visibility in a high-traffic corridor. The surrounding area benefits from robust demographics, including a dense employment base and strong consumer spending, driven by the university and nearby business districts. This asset combines secure cash flow, a premier location, and the stability of a nationally recognized tenant, making it an attractive addition to any investment portfolio.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$505 USD /SF

CAP RATE

5.38%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

CSS

APN/PARCEL ID

133-07-010B

ASK ABOUT THIS PROPERTY

Trent RustanCommercial Properties, Inc.More Info
480-966-5155

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Trent RustanCommercial Properties, Inc.More Info
480-966-5155

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.