2755 N 91st Ave - Freestanding FOR SALE


Phoenix, AZ 85037- Maryvale
$3,455,032 USD
602-491-9295
2755 N 91st Ave, Phoenix, AZ for Sale
$3,455,032 USD
Freestanding - FOR SALE
1/3
null | 6.2% Cap Rate

2755 N 91st Ave
Phoenix, AZ 85037
Maryvale


OVERVIEW

4-Tenant NNN Investment in Phoenix, owner is selling this asset after 7 years of ownership. All tenants have been the same since this was purchased in 2018. This is a stabilized, high growth market with under valued rents. Each tenant has 1-5 year option except Asian Restaurant Song Lynn who has expressed interest to extend and paying under market rents. Amberlea Marketplace – Key Investment Highlights with Pricing 1. Asking Price and Market Position • Asking Price: $3,455,000 • Net Operating Income (NOI): $214,212 • 8,855 SF on 1.1 AC • 2006 Construction • Capitalization Rate (Cap Rate): 6.2% This cap rate reflects a market-competitive return relative to the income generated, indicating a stable and relatively low-risk investment option in the current Phoenix commercial real estate market across from major hospital system, no vacancy at the intersection and new pad users to the west including Super Star Car Wash, Zaxby’s, 7 Brew Coffee and Dunkin Donuts. Four (4) Tenant Highlight: • Lux Nails 5% increases every 5 years • Rise and Shine has 3% annual increases • Gus’s Pizza has 3% annual increases • Song Lynn is flat rent until expiration in 2027 with no options. 2. Prime Location with Strong Visibility & Traffic • Located at a signalized intersection with dedicated turn lanes. • Exceptional traffic counts with ±25,000 vehicles/day on Thomas Road and ±20,000 vehicles/day on 91st Avenue. • Positioned directly across from Banner Estrella Medical Center (1,500 employees), ensuring steady customer flow. • Surrounded by notable neighbors including Starbucks, Food City Grocery, SimonMed Imaging, PNC Bank, Dunkin Donuts, 7 Brew Coffee, Zaxby’s, and Superstar Car Wash. • Excellent accessibility with proximity to Loop 101 freeway. 3. Strong and Growing Submarket with New Development • The west side of Loop 101 is rapidly developing with new industrial projects and infrastructure enhancements. • Near major entertainment and retail hubs like Westgate Entertainment District, new resort, casino, and State Farm Stadium. • Established and expanding medical presence with hospital and office facilities. 4. Long-Term, Internet-Resistant Tenant Mix • Fully leased with four tenants: two restaurants (Gus's New York Pizza and Song Lynn), a nail salon (Luxe Nails & Spa), and financial services (Rise and Shine Tax Services). • Tenants provide essential and service-based offerings that resist e-commerce disruption. • Leases include long-term durations, rent escalations, and renewal options, contributing to cash flow stability. 5. Below-Market Rents with Upside Potential • Current rents are below market, allowing an investor to benefit from rental growth as the submarket appreciates and matures. 6. Strong Demographics and Employment Growth • Population within 3 miles: 141,536 (expected to grow significantly over 5 years). • Average household incomes range from approximately $76,700 to $88,300 within the vicinity. • Close to significant employment hubs (hospital, industrial developments), supporting consistent tenant demand. 7. Ideal for 1031 Exchange or Long-Term Hold • Provides a stable income stream and potential for capital appreciation in a growing metro Phoenix real estate market. • Suitable for investors seeking diversification into resilient, necessity-driven commercial real estate. 8. Parking Lot Coated 18 months Ago and HVAC Units Replaced by Tenants Summary Amberlea Marketplace offers a well-located, fully leased, stabilized 4-tenant strip center with strong surrounding development and high traffic counts. Priced at $3,455,000 with a 6.2% cap rate and $214,212 NOI, this property presents a compelling investment opportunity combining stable income, growth potential, and tenant resilience. It is well-positioned for investors seeking long-term hold or 1031 exchange opportunities in the Phoenix medical and commercial growth corridor. Call or email with any questions our team has 15 years of experience and local Arizona experts for retail shopping center leasing and investment sales. 602-376-9797 (Cell)

FOR SALE DETAILS

PRICE

$3,455,032 USD

PRICE/SF

$390 USD /SF

CAP RATE

6.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Amberlea Marketplace

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

58

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

PSC, Phoenix

APN/PARCEL ID

102-37-014

ASK ABOUT THIS PROPERTY

Sean LiebLevRose Real EstateMore Info
602-491-9295

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Sean LiebLevRose Real EstateMore Info
602-491-9295

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