2140 Cactus RdPhoenix, AZ 85022

This exceptional Phoenix retail property, built in 2017, offers 4,534 square feet on a 27,356 square foot lot with a Class A designation. Currently featuring a Subway restaurant (1,335 sq ft) under a 5-year lease, the property boasts 3,199 sq ft of vacant space ideal for owner-user occupancy or additional tenants. The building benefits from a highly visible location on E Cactus Rd, experiencing 39,750 vehicles per day, plus an additional 27,680 VPD on N Cave Creek Rd. The property features 36 parking stalls (approximately 7.94 per 1,000 sq ft), a NNN lease structure, and is zoned C-2. With a low 4.3% retail vacancy rate within a 3-mile radius and minimal new construction, this presents a strong value-add opportunity. The asking price is $1,475,000, with a pro-forma NOI of $130,000. The existing Subway tenant will lease back upon closing of escrow for a minimum of 5 years. This single-story building offers significant potential for growth and return on investment in a thriving commercial corridor.