For Sale
$2,100,000

1201 Northern Ave Phoenix, AZ 85020

High-traffic corner location, strong lease.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 17,700 square foot lot housing a single-story, 1987-built ARCO ampm branded gas station and convenience store in Phoenix, Arizona. The property boasts a prominent corner location on major cross streets, ensuring high visibility and substantial traffic flow. The 2,400+ square foot convenience store complements the four-pump gas station, creating a synergistic retail operation. The property is currently operating under a 20-year lease, with a monthly rent of $8,100 for the initial three years, increasing to $9,000 per month for the remaining 17 years. The lease mandates the continued operation of a branded fuel station throughout its term. The asking price is $2,100,000, translating to $118.64 per square foot. The property's APN is 160-15-105B. This is a rare opportunity to acquire a well-established, high-performing retail property in a prime Phoenix location with a long-term lease in place. The substantial lot size offers potential for future expansion or redevelopment, subject to local zoning regulations. This turnkey operation provides immediate cash flow and significant long-term investment potential.

Highlights

  • 17,700 SF lot with a 2,400+ SF ARCO ampm gas station and convenience store in Phoenix, AZ.
  • Prominent corner location on major cross streets offering high visibility and traffic.
  • Currently operating under a 20-year lease with $8,100/month rent (first 3 years), increasing to $9,000/month.
  • Asking price: $2,100,000 ($118.64/SF); APN: 160-15-105B.
  • Lease requires continued operation of a branded fuel station.

Property Details for 1201 Northern Ave

Property type
Retail properties, Grocery and convenience stores
Square Feet
17,700 SF
Year Built
1987
Buildings
1
Stories
1

Location Insight

City
Phoenix
County
Maricopa
State
Arizona
Latitude
33.552839679137
Longitude
-112.05652102497

FAQs

What type of property is this?
Retail property - High-traffic corner location, strong lease.
Where is the retail property located?
The property is located at 1201 Northern Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 17,700 SF lot with a 2,400+ SF ARCO ampm gas station and convenience store in Phoenix, AZ.; Prominent corner location on major cross streets offering high visibility and traffic.; Currently operating under a 20-year lease with $8,100/month rent (first 3 years), increasing to $9,000/month.
How can I contact the broker?
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1201 Northern Ave
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