For Sale
$2,100,000

1201 Northern AvePhoenix, AZ 85020

High-traffic corner location, strong lease.

Overview

Added:
Dec 11, 2024
Days on market:
115
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
1201 Northern Ave, Phoenix, Arizona

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1201 Northern Ave
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