6021 S Central Ave - Freestanding FOR SALE


Phoenix, AZ 85042- South Mountain
$5,530,000 USD
415-604-4288
6021 S Central Ave, Phoenix, AZ for Sale
$5,530,000 USD
Freestanding - FOR SALE
1/6
null | 7.5% Cap Rate

6021 S Central Ave
Phoenix, AZ 85042
South Mountain


HIGHLIGHTS

  • New 10-year net lease to WSS, a national footwear retailer. Tenant covers CAM, taxes, insurance, and maintenance; landlord handles roof and structure.
  • 10% rental increases every five (5) years through the initial term and four (4) five-year options.
  • Guaranteed by Foot Locker Inc. (NYSE: FL), a global footwear and apparel retailer operating in 40+ countries.
  • In May 2025, Dick’s Sporting Goods announced a \$2.4B acquisition of Foot Locker, adding 2,400 stores to its 846 locations.
  • Tenant covers all taxes, insurance, and maintenance, excluding roof and structure.
  • As of July 2025 the brand operates over 100 locations, primarily located in California, Nevada, Arizona, and Texas.

OVERVIEW

Prime Retail Location: High-visibility and easily accessible location at the signalized intersection of South Central Avenue and Southern Avenue, which experiences a combined traffic count of over 57,000 vehicles per day. Reliable Tenancy: Landlord has invested significant cash into this location. Strong Demographic Base: The five-mile radius serves a populous region of 218,881, with an average annual household income of $101,479 within three miles. Excellent Traffic Drivers: The property is surrounded by a vibrant mix of local and national retailers that drive the area’s primary economic activity, including Lowe’s, Food City, Safeway, Family Dollar, Circle K, O’Reilly Auto Parts, and many more. Downtown Phoenix: Five miles from Downtown Phoenix (58K+ residents), allowing the site to capture significant local and commuter traffic. Growing Market Dynamics: Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise this WSS and Phoenix for steady concurrent growth.

FOR SALE DETAILS

PRICE

$5,530,000 USD

PRICE/SF

$367 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

WSS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

78

LAND DETAILS

LAND ACRES

2.58 AC

LAND SF

112,385 SF

ZONING

Commercial

APN/PARCEL ID

114-02-078A

ASK ABOUT THIS PROPERTY

Scott CrowleCushman & WakefieldMore Info
415-604-4288

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

Scott CrowleCushman & WakefieldMore Info
415-604-4288

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