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Single-Tenant Vacant-User

Downtown Landmark Property

149 W McDowell Rd, Phoenix, AZ 85003

Listing Price: $986,000

Cap Rate
5.20%
Tenant Name
Luana's Coffee & Beer
Years Remaining On Lease
0.3
Gross SF
2,694
Guarantor
Personal Guarantee
Rentable SF
2,694
Price/Gross SF
$366.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$19.04

Investment Overview

The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. Since 2000, the population in the metro increased by more than 38 percent. The largest city is Phoenix, which encompasses about 520 square miles, is the capital city and boasts a population of more than 1.5 million. The Roosevelt Neighborhood (“Roosevelt”) in Downtown Phoenix encompasses the Roosevelt Historic District and adjacent areas. It is bounded by McDowell Road south to Van Buren Street, and Central Avenue west to Seventh Avenue. The first Downtown Phoenix neighborhood to receive a historic distinction, Roosevelt was designed in the typical streetcar style of its time, with period revival and bungalow homes, plus contemporary infill developments.

Investment Highlights

  • Historic Landmark Property in the Heart of Downtown Phoenix
  • Site Includes Outdoor Patio Space, On-Site Parking, and a Storage Building
  • 401,503 Residents within a 5-Mile Radius - Dense Downtown Phoenix Infill
  • Situated within the Historic and Rapidly Growing Roosevelt Neighborhood - By 2025, Households Projected to Increase 14%+ and Population Projected to Increase 10%+ in the Immediate Area
  • Hard Corner Location Along McDowell Road, one of the Phoenix Valley's Primary East-West Thoroughfares - 37,500+ Cars/Day at Intersection
  • Average Household Income Exceeds $82,000 within 1 Mile
  • Easily Accessible Less Than 1 Mile Off the I-10 Freeway (Nearly 250,000 Cars/Day)
  • One Block West of the Central Avenue Corridor - Home to the Phoenix Art Museum, Phoenix Public Library, and Other Museums, Shops, Restaurants, Offices, etc.

Exclusively Listed By

Single-Tenant Vacant-User

Downtown Landmark Property

Listing Price: $986,000

Cap Rate
5.20%
Tenant Name
Luana's Coffee & Beer
Years Remaining On Lease
0.3
Gross SF
2,694
Guarantor
Personal Guarantee
Rentable SF
2,694
Price/Gross SF
$366.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$19.04

Investment Highlights

  • Historic Landmark Property in the Heart of Downtown Phoenix
  • Site Includes Outdoor Patio Space, On-Site Parking, and a Storage Building
  • 401,503 Residents within a 5-Mile Radius - Dense Downtown Phoenix Infill
  • Situated within the Historic and Rapidly Growing Roosevelt Neighborhood - By 2025, Households Projected to Increase 14%+ and Population Projected to Increase 10%+ in the Immediate Area
  • Hard Corner Location Along McDowell Road, one of the Phoenix Valley's Primary East-West Thoroughfares - 37,500+ Cars/Day at Intersection
  • Average Household Income Exceeds $82,000 within 1 Mile
  • Easily Accessible Less Than 1 Mile Off the I-10 Freeway (Nearly 250,000 Cars/Day)
  • One Block West of the Central Avenue Corridor - Home to the Phoenix Art Museum, Phoenix Public Library, and Other Museums, Shops, Restaurants, Offices, etc.

Investment Overview

The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. Since 2000, the population in the metro increased by more than 38 percent. The largest city is Phoenix, which encompasses about 520 square miles, is the capital city and boasts a population of more than 1.5 million. The Roosevelt Neighborhood (“Roosevelt”) in Downtown Phoenix encompasses the Roosevelt Historic District and adjacent areas. It is bounded by McDowell Road south to Van Buren Street, and Central Avenue west to Seventh Avenue. The first Downtown Phoenix neighborhood to receive a historic distinction, Roosevelt was designed in the typical streetcar style of its time, with period revival and bungalow homes, plus contemporary infill developments.

Exclusively Listed By

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